Back when I had an automatic in my Fairmont, I had a 9" with a factory N case, and 33 spline Strange spool and axles. For most of the the time with the C6, it had a 8" convertor and transbrake, which I would normally launch at WOT, 5200 RPM. With the C6, the best numbers at the track were 1.40 60 foot, and 10.55 ET@126MPH, weighing 3200 lbs.
When I switched to a Jerico 4 speed in 2000, when I took the 9" apart, I noticed that the 33 spline axles had twisted about 1-1 1/2 splines, so when I crunched the prices, it made sense to upgrade the rearend for the clutch .Although a 9" would be fine, it was cheaper to sell the existing 9" and go with a Dana 60, which we installed Strange 35 spline axles and spool,billet caps, and a T/A load bolt girdle cover. 15 years of dumping the clutch at 6000-6600 RPM, and the 35 spline axles still look perfect. So I do prefer to error on the side of "overkill" when it comes to axles. That said, my 85 Mustang , with a 331 SBFord has gone 10.3s and 4s , also with a 4 speed, dumping the clutch between 5800-6200 RPM, yet it only has a set of street/strip Moser 31 spline axles in the 8.8., that I installed in 2003 when I started running the car in Stock Eliminator.
As for wheel studs, the Mustang uses ARP 1/2" wheel studs, 3" long (5 lug), and the Fairmont used to as well, but about 10 years ago, I switched to 5/8" studs, and I like them much better.
I never broke the 1/2" studs, but after a while, the long shank lug nuts start to gall up where they go into the aluminum wheels, with the 5/8" studs, the shank of the stud has a sleeve that fills the holes in the wheels, and thus does not use shanked lug nuts, rather there are aluminum spacers and flat flanged nuts. In addition to no more galling/binding of the nuts, this setup reduces the amount of "wasted" stud hanging out past the lug nuts. I know on our drag cars, we are not always needing to change tires as fast as the Wood Brother NASCAR team, but its still nice to remove the nuts in 1/2 the time as before. Plus the larger nuts and studs will employ higher torque specs.