Thought I would jump back in and say thanks to all for the input. Corrosion protection from water is always a concern; from chemicals depends on where you are in the process.
Designs are often driven by stiffness requirements, not strength, so higher yield doesn't always result in less...
316L seems to be the preferred material in the pulp/paper industry. Water, wear, and often caustic chemicals are the norm. 304L is significantly cheaper; what are the limitations of using 304L versus 316L in this environment?
What are the residual stresses in flat sheet metal rolled into a cylindrical shape? My specific problem is 316 stainless steel, 0.090 in. thick, rolled to a diameter of 30 inches, but I would like to know in general what internal stresses are formed from the sheet metal rolling process.