In the example of a 150/85, the internal components can only handle a short circuit current up to 70A on the PV side. This is if an internal component of the MPPT fails with low resistance, for example if you surpass the max PV voltage.
If your array has a combined Isc of 60A, then there should be no further issue, the failed component fails safely.
If your array has a combined Isc of 80A, then theres no guarantee that the failed component does not lead to bigger damage.
Another possibility is a short circuit in another part of the installation, for example in one of the supplying cable pairs (positive and negative of the same string) leading to the MPPT. But since bigger MPPTs all use multiple MC4 connectors, its not uncommon that a shortcircuit in a cable pair to the MPPT can also mean that part of the shortcircuit current actually flows over the MPPTs PCB. Not necessarily through the DC/DC converter, but solely through the inputs that are all in parallel.
For example, three strings of 25A Isc in parallel, with the actual parallel connection done on the three pairs of MC4 of the MPPT, would mean that a short in one of the pairs would be fed from one side by its own panels, presumably by 25A as well as through the parallel connection from both other strings with 50A combined
You therefore need to use an external limitation of short circuit energy, a fuse or an MCB for example. Since theres no panel, at least to my knowledge, that can singlehandedly output 40A, your array will most likely consist of three or more parallel strings. In this case, you need to use fuses per string anyway, to protect each string from potential reverse current from the others. So very likely you already solved the external fusing for the MPPT simply by using inline fuses before paralleling the strings.
But the above example also shows why it can be a good idea to use both inline fuses close to the panels, as well as fuses close to the point of paralleling (if the two are physically apart, for example panels on the roof while point of paralleling is in the basement)