Are you talking about the bolts on the baby struts? I'm not familiar with the details of the H240 installation so I'll reserve comment on your temporary solution other than to say that if the "bolt" is actually acting as a "pin" (i.e., the joint doesn't depend on bolt tension), then any bolt of the same major diameter and material will probably be fine as a temporary solution, so long as a proper method is employed to ensure that the nut doesn't come loose. "Proper method" in this case normally means that the nut and bolt are drilled and pinned. But if you're just using it once, to lower the mast, then two nuts torqued together will do. Or a new nyloc nut.
It's unlikely that a single application of load like that would loosen a bolt. It was probably loose already, so I would check the others.
If it's a nut on a shoulder bolt, then it should be a fairly reliable joint so long as the nut is properly tightened. A common mistake with shoulder bolts in this kind of application is to under-tighten the nut. The threaded shank of the shoulder bolt has a necked-down area at the base who's function is to stretch slightly when the nut is tightened, to provide a spring function that keeps tension on the nut, so that it doesn't loosen. I haven't been able to find torque specs for shoulder bolts but you can feel it when you torque the nut.
A nyloc nut is also a very good idea, if that's not already what's used. If they are nylocs and one came loose then it's probably time for new nylocs. Opinion varies on re-use of nylocs. I lean toward replacing them each time they come off, but you can feel the prevailing torque and judge based on that, and on how critical the joint is.
It's also probably worth putting a
Belleville washer between the nut and shoulder, to help ensure that the nut stays tight. You can also get
316 shoulder bolts from McMaster-Carr that are likely cheaper than from marine sources.