I've always just installed studs finger tight unless instructed to do otherwise by the manufacturer. One example of that is the Shelby block, where they tell you to torque the studs to 10 ft-lbs. The reason for this is that the studs have a conical shape on the end that goes into the block, and a matching conical seat machined into the block itself, to center the stud. In most cases though I'd put the studs in with zero torque. I've never tried the ball bearing approach but if the hole in the block, or whatever, has a taper from a drill point at the bottom, seems like the ball bearing would help keep the stud centered if you did torque it.
Those sockets that Bill posted are pretty cool; where do you buy those?