1. It isn't practical to sink more than about 50A through a TO-220 device, no matter what the datasheet might lie to you about it (tip: read the specs carefully and skeptically).
2. It isn't practical to design a switching circuit that switches more than 50A, through a single device, at low voltages.
Switching is more practical, the closer the switching impedance (Zsw = Vpp / Ipk) is to the impedance of the layout (which is proportional to the impedance of free space, Zo ~= 377 ohms, and usually a few times lower because of layout). Typical PCB layout impedances, for power switching circuits, are in the 10-50 ohm range.
This makes it most optimal to design, say, an inverter at 50A and 500V, and indeed, industrial inverters have quite good performance in that area.
At low voltages (<50V and >50A), the switching impedance is under 1 ohm, and layout cannot be small enough. (One TO-220 device has about 10nH of stray inductance.
The inductor equation is: V = L * dI/dt Therefore, under those conditions, it cannot switch faster than (50V) = (10nH) * (50A) / dt ==> dt = 10ns. And most likely, in a practical circuit, the real figure will be 5 or 10 times longer than that, or ~100ns. This results in higher switching losses, and the switching frequency must be reduced to prevent meltdown.
By using devices in parallel, the inductance is reduced through many parallel branches, and snubbers can be applied per transistor, to control what's left.
Tim