A seat will not launch a heavier mass to the same level as it will a lighter one. On the ground, that means the heavier occupant will not go as high as a lighter one. Exceed the design limit of the seat, and there will not likely be time to stabilize and have the canopy fully open before the ground provides the deceleration. In the air, the vertical velocity of the seat is countered by the downward velocity of the aircraft and extra weight also works against the occupant. A seat moving upward at 500 feet per minute (number extracted rectally for example only) relative to an aircraft falling at 2500 feet per minute is the equivalent of being fired downward at 2000 feet per minute. If one ejects at 2100 feet that may be survivable. If one's extra fifty pounds drops the seat velocity to 400 feet per minute, it most likely isn't.
When I was on the Tutor, there were no weight limits. Shortly after I left, one lost power on short final into Calgary. Both pilots ejected. The lighter one lived, the heavier one did not.
If you've seen some of those Russian airshow ejection videos, you can appreciate that lives are lost or saved by pretty small margins at times.
I know of one individual saved by getting his partially-opened canopy snagged by a tree. And through another kind twist of fate, he was probably saved from a heart attack by having this occur during a pitch-black night.