I think you are overly concerned about the effects of compression on the anchor bolts with leveling nuts. As long as they have vertical loads within design limits( as well as shear) and are PROPERLY grouted, then there should be no problems . Here in Los Angeles I have personally replaced small columns in a hospital damaged by the Northridge earthquake that were literally torn from their baseplates. The baseplates were not buckled and the drypacks were still as originally installed. The building collapsed, but not due to anchor bolt problems.
At any rate, leveling bolts are used SOP for just about all applications where buildings do not exceed a few floors. In the taller highrise, other methods of locating the base of the column at proper elevation are commonly used . One example---December, 1969,Arco/BofA towers Los Angeles, 55 floors and 7 basements--- the base plates for the core columns were set with 4 leveling bolts drilled through the plate (5'square X 14 " thick). Once the grout had cured, the bolts were removed.
Sorry, I am getting a bit off topic. A lot of 'fun' memories.
Rod