Two types..
What is "18-8" stainless steel?300 series stainless steel has approximately (not exactly) 18% chromium and 8% nickel. The term "18-8" is used interchangeably to characterize fasteners made of types 302, 302HQ, 303, 304, 305, 384, XM7, and other variables of these grades with close chemical compositions. There is little overall difference in corrosion resistance among the "18-8" types, but slight differences in chemical composition do make certain grades more resistant than others against particular chemicals or atmospheres. You never really know what you'll get from different manufacturerers but most are similar in composition. 18-8 is roughly the strength of a grade 2 bolt & while steel bolts are graded for strength, such as Grade 2, 5, and 8 - stainless steel bolts are not. There are places on the internet that sell 18-8 and 304 bolts as meeting steel Grade 5 specification's, but they do not and you should be very wary of these claims.So what's 316 stainless steel?While 304 contains 18% chromium and 8% nickel. 316 contains 16% chromium, 10% nickel and 2% molybdenum. The "moly" is added to help resist corrosion to chlorides like sea water. Type 316 is the main stainless used in the marine environment, with the exception of fasteners and other items where strength and wear resistance are needed, then Type 304 (18-8) is typically used for this because it is stronger.I guess the question is what did the factory supply for that fastener? My 36 footer that weighs almost 18k pounds loaded uses all stainless steel fasteners including on the mast, stays etc. So I think it will be fine for your Mac and yes grade 8 bolts rust on boats....Most all marine grade fasteners you buy at West Marine, Boat US or your local supplier will be of the 18-8 type for strength. You can find and buy 316 but you really need to specify it or you'll get 18-8..