It isn't about wanting to torture students. I never learned so much so fast before or since - and there was a
lot to learn. I prefer teachers that expect a lot from their students.
It's not fundamentally different from athletics. If you want to be a good athlete, you're going to have to work your tail off. If you want to be an incredible engineer like Kelly Johnson, that ain't going to happen if you party through school. Nor would you have any chance of working with an engineer like him.
So ask yourself - do you want to design rocket engines? or cup holders?
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BTW, as for health, I came out of Caltech a far more confident person than when I entered. I knew what I could do, and was happy about it.