Do not know where this is but from my experience, I would take the part off if possible to accomplish the task. If a part of frame and cannot be removed then remove all panels around it.
High graded bolts seem to be made out of superior materials that do not rust. Stainless fasteners that will take the load are hard to find and expensive. A lot of stainless on market these days is too soft. Get a fully threaded bolt if you have to and shorten it as needed.
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