I think, the stock factory version of this BMS comes with two wires but solder pads for three, and Overkill orders or adds a third (which is great).
If you look at an ampacity table
(like this one) 200*C 10 AWG, is good to 70A (so ~140A combined if current is evenly distributed). That is technically above the 120A rating of the BMS, so is technically sufficient, yet leaves little margin. Adding a third wire provides some safety overhead, and fault tolerance (if one connection is bad or goes bad, 2 can carry the full load).