Is an M20 bolt about 3/4" diameter?
300 ft-lb sounds like a lot, ie near yield. But tighting to yield is an acceptable practice if using new bolts each tightening. With this method, one should be able to feel yeild and stop pulling on the wrench when proper torque is reached
A method used with big studs, (where torque is considered too inaccurate)is to apply a "pulled-up wrench tight" intial torque(about 30 ft-lbs in your case, just needs to be consistant), then using the thread pitch and the modulas of elasticity of the bolt calculate the degrees rotation to stretch the stud.
For bolts I'm familar with, 30Kpsi loading is desired, which is achived with 0.0015"/inch strectch. Then with an 8-TPI nut, one will get about 0.090/revolution (not 0.125 due to thread destortion)
from a wrench tight, the rotation will be less than a revolution Unless the thread is very fine and the bolt very long. Measuring flats is common instead of degrees.