We regularly use A320 L7 Bolts in our work for load bearing connections, but am I right in saying that standard 8.8 bolts aren't actually that far off L7 bolts in terms of strength and 10.9 or 12.9 are actually stronger?
As the links from desertfox show, the mechanical property requirements for 10.9 and 12.9 fasteners are higher than those for L7. A higher tempering temperature is used during the manufacture of L7 fasteners as compared to 10.9 or 12.9 fasteners.