Interesting topic. HERITAGE is right on the money in stating:
"Once the exterior protective coat of ss is breached the corrosion occurs very fast. To breach that coat, there must be no oxygen and salt water. Keep the salt water out and you will have no problem."
Stainless steel relies upon a microscopically thin layer of chromium oxide on its surface to remain stain-less; ie, free of rust. Crevice corrosion refers to any place upon the stainless steel, or within it where moisture cannot evaporate; chromium in the SS relies upon oxygen being in contact with it to create chromium oxide.
Crevice corrosion will happen when capillary action of a surface near the SS or a crack in the SS allows water to suck into the gap between surfaces.
It is the bedding compound around the chain-plate that is guilty of letting water in and having a capillary effect at the deck.
There are several other factors to consider here:
A) bedding compound can lose contact with what it's bedding and create a gap.
B) if the space around a chain plate where it passes through the deck is too narrow the
bedding compound has less ability to freely stretch and compress. It will deteriorate.
C) Stainless steel work hardens. This means that when it flexes, is bent, twists, impacts,
and is drilled it gets harder. When it gets harder it has less flexibility. With less flex it
is more prone to micro-cracking from fatigue.
Solutions:
A) Make sure there is a generous space around the plates where they pass through the
deck; round off all corners and make sure that deck core is sealed from any water
intrusion. Also round off all corners of the chain-plate. Sharp corners fatigue the
the fastest.
B) Use premium bedding compound. Make sure it isn't past due; check the date on the
tube.
C) Use premium stainless steel.
D) Make sure that the load on the plate is dead straight into the direction of pull; if it isn't
the plate will fatigue from the side to side bending and will develop cracks into which
capillary action will pull moisture. Make sure to use toggles as well, to minimize side
loads.
E) Eliminate encapsulation of chain-plates below decks. Never have plates buried in glass,
and, or plywood surrounded in glass. Ensure plates are never permanently moist should water get below deck.
D) Don't over torque the chain-plate bolts; doing so can cause micro cracking and work
hardening.