If your bolt is functioning as a conductor, replace it. If your bolt is functioning as a fastener and other more conductive parts provide the conductive path, you are likely OK to leave it.
Electricity will always take the least resistive path so if that path is there, in any application, it will go that way. Said another way, if Stainless is present in a conductive path or assembly but other more conductive paths exist, it is likely a mute point. (I should point out if the SS is acting as a parallel conductor it will conduct but at a lessor amount compared to it more conductive parallel conductive partner. There is an equation for this.) A good example would be the battery post and clamp so common on auto and tractor batteries. The bolt provides a clamping function and does not participate in conduction. In that application I would not hesitate to use a SS bolt and nut if that is what I had.
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Today's Featured Article - The Revival of a John Deere Combine - by The Red, John Fritz. For several years I had been driving by a farm house on the west side of Indianapolis that had a John Deere combine parked in high weeds in a lot behind the house. The gentleman no longer farmed because the entire area was developed with housing and light industry. I had stopped several times and knocked on the door but no one would answer. My curiosity was up and I wanted to contact the owner. I wanted to see what he planned to do with the combine.
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