Hello Vping,
it's better to have studs into a casting rather than bolts as there is less likelyhood of damaging the tapped threads in the head (or any other casting), particularly in a location that is often dismantled.
I'm virtually certain the studs are 5\16" UNC, block end and 5\16" UNF, nut end.
Also I would not use stainless as it is often brittle and prone to thread pick up (usually when hot). Just use copper grease when assembling.
Alec