Hi John3p:
Thanks for considering my question. I have a small "IPT's Industrial Fasteners Handbook" The ASTM A-193 bolts/studs info for pressure piping flanges is in a whole different section of the book from the SAE stuff. The A-193 table includes data on chemical composition for studs, maximum operating temperature, elongation, etc. It lists grades as B7, B7M, L7, L7M, etc. Nuts are 2H and 2H heavy hex. All of the piping books I have (Grinnell's "Piping Design & Engineering", Nayar's "Piping Handbook" etc) only refer to A-193/A-194 type material. None makes any mention of SAE grade fasteners, that I can find.
In spite of my question, in 25 years of working in powerhouses and working with pressure piping systems, I can think of no catastrophic flange failures (on systems running 300 PSIG steam or less) that can be traced to SAE fasteners. Having said that, I still don't think the SAE grades meet code in these applications.
Just in passing, this little IPT book (ISBN 0-920855-06-7) is extremely useful. Nuts, bolts, screws, gaskets, o-rings, rivets, adhesives, concrete anchors, shaft keys, all kinds of threads (including pipe), etc. It's pretty hard to go wrong for under $20. I originally ordered "Pipe Trades" and "Metal Trades" from them, and was so impressed, I bought the rest of the set. There are 10 in all. There's not much for formulas, but if you're involved in plant maintenance or construction, the amount of information in these is incredible.