metman re your statement "1020 I think has only about 24ksi min Yield." 1020 is only a composition. It is available cold worked, hot rolled, Q+T, normalized, etc.
To illustrate using data from MatWeb for 1022 [1023 has the highest C content < 0.25 wt% C limit of A36 steel, but is less available than 1022 or 1020].
AISI condition YS, psi elongation
1022 annealed at 870°C (1600°F). 45700 35%
1022 as rolled 52200 35%
1022 normalized at 925°C (1700°F). 52200 34%
1022 hot rolled, 19-32 mm round. 34100 23%
1022 cold drawn, 19-32 mm round. 58000 15%
1022 heat treated, reheated to 800°C, 25 mm round 50800 31.5%
1022 normalized at 925°C, air cooled, 25 mm round 52200 34%
1022 annealed 870°C, cooled 17°C/hr to 675°C, air cooled, 25 mm round 45700 35%
1022 heat treated, quenched from pot, 13.7 mm round 60200 30%
1022 cold rolled, 25 mm (1 in.) round 52200 33%
1022 mock carburized at 910°C for 8 hours, 775°C reheat, water quenched, 175°C temper, 25 mm round 55100 25.5%
Thus, 1022 in some treatments meets most A36 room temperature property requirements such as YS 36000 psi min & elongation 20-23% (varies w. size).
But, A36 limits method of steel production (killed or semi-killed) & limits Si to 0.40% max. Supplemental Requirements S5 may require impact tests at lower temperature & S97.1 prohibits using rimmed or capped steel.
So, 1018, 1020, 1022 are "not equivalent" to A36. AS Tim Foecke of NIST, author of the Titanic metallurgy report wrote:
"A36 steel, which is chemically nearly identical to AISI 1018 used in the microstructural comparison, but has a more specialized microstructure. Using 20 ft-pounds (27 J.) for the determination of the ductile-brittle transition temperature, the author [5]obtains a transition temperature of -15oC for the modern A36 steel,"
Whether a plain carbon steel can be substituted for A36 depends upon the unspecified application & governance.