Stainless steel does not conduct as well as steel and steel does not conduct as well as copper. If the criterion was to select the best conductor, then one would have to use a copper (or silver) bolt. Unless it is a long, small diameter bolt under a large current load, I would think stainless is fine. As has been posted - if it is getting hot then you have a problem.
Material selection is more about the application than simply which is the best conductor. For example, mercury is not as good a conductor as stainless steel and yet it is used in switches.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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