I also have a SMB-West build with a Magnum MS2000 Inverter/Charger and a Relion RB300 Lithium battery (can also charge off solar and auxiliary alternator). Some points/questions:
* When you say that your battery "cuts out" at 50% SOC do you really mean that there is no voltage? IMO this could only be caused by the battery's BMS (a very unusual behavior) or by a loose battery cable. How are you measuring SOC? Remember it is very difficult (née impossible) to determine SOC by a Lithium battery's voltage. [Or do you mean that this is the point at which the Magnum refuses to invert????]
* I assume that "lbco" is "Low Battery Cut-Off" on the Magnum. The Magnum default is 10V. This is the battery voltage at which the Magnum will stop inverting -- mine is set to 12V and I have no issues.
* Unlike most solar charge controllers and alternator regulators, the Magnum won't start charging the battery until the battery's voltage drops to its programmed "Start CC/CV Charging" voltage level (default 12.0V; mine 13.0V))
My Magnum settings are: