Hmm...I have a set of Oliver rods with L-19 bolts for my new build. Food for thought.
I'd consider swapping the bolts out.
I've used many sets of Oliver rods with L19 bolts over the years, but before a couple of years ago, I had never seen any warnings about how you should handle them. It wasn't on the spec sheet, but if you do some research, you're supposed to wear gloves, not use certain solvents on them, keep them in oil, etc. For most scenarios, the ARP 2000 bolt will be just as strong, without all the finicky-ness, or you can switch to the ARP Custom Age bolts.
An ARP 2000 bolt is not as strong as a L19. The Custom age 625+ is stronger than an L-19. Are so many applications that even an ARP 8740 bolt is fine that we forget to consider what is needed for a given application. Without knowing the weight of the rod/piston, stroke, and RPM and calculating the load the bolts will see nobody can say a lesser bolt will be ok. If the rods are new and have been stored/handled properly I see no reason not to use them. If you want to go with a different bolt I'd suggest call Oliver and let them recommend what bolt will work for your application. Whenever possible before changing anything with rod bolts always best to speak to the rod manufacture as the design and material of the rod go hand in hand with the rod bolt. Most connecting rod manufactures custom spec their rod bolts.
Just remember changing to a different bolt may require resizing the rod big end. Really should check the big end with the bolts properly stretched regardless.
In my situation, the engine had come back for freshening and I replaced all of the rod bolts with brand new ones. They came right out of the package from Oliver, got lubed up with CMD, then cycled to check stretch. They were brand spankin new bolts and my guess is that one fractured/failed, which caused the other to fail because it couldn't handle the load by itself.
In my buddy's situation, they called the rod manufacturer and the rod manufacturer told them to just switch to ARP 2000 bolts. The rods didn't need resizing, so they went with it.
I do agree that Phil should call Oliver and ask their opinion on a different bolt (they do have different options), that's why I used general terms such as, "I'd consider swapping them" and "For most scenarios..."
In a lot of cases, the ARP 2000 bolt may be a solid option. I'm starting a couple builds that will use Jay's heads and one of them is using a set of Molnar Power Adder rods. They have ARP 2000 bolts.
He will just have to call Oliver and see what they suggest, but I would firmly urge him (or anyone) to call and inquire. This is the second instance of an L19 bolt failing close to home and a quick Google search will show many more. You just don't see/hear that from the other bolts.