Ideally you want OEM bolts for any suspension application. A Grade 8 will be strong but brittle. Any Grade 5 bolt wil be weak in this application.
^ This is misleading at best, and quite incomplete.
Grade 8 bolts are approx 130,000 psi yield strength, which is very strong. A properly made grade 8 bolt will not be brittle. However, if you zinc plate or chrome plate a grade 8 bolt, it can become brittle - that is why you do not find quality grade 8 fasteners that are plated. Grade 8 bolts are identified with 6 equally spaced radial lines on the head.
Grade 5 bolts are approx 90,000 psi yield strength, which is not 'weak'. A grade 5 bolt will elongate noticeably before breaking in most cases - much more than a grade 8 bolt will. Grade 5 bolts are identified with 3 equally spaced radial lines on the head.
The material from which they are made is different, grade 5 being medium carbon steel and grade 8 being medium carbon alloy steel. The addition of the alloying materials allows the grade 8 bolt to be hardened to the higher yield strength without becoming 'brittle' - whereas if you try to harden a grade 5 bolt to the grade 8 properties, it will be fairly brittle.
Grade 1 or 2 bolts, on the other hand are not nearly as strong - they have yield strengths of around 36,000 and 57,000 psi respectively. They will elongate significantly before breaking. Grade 1 or 2 bolts do not have any radial lines on the head.
Metric class 8.8 corresponds roughly to grade 5 SAE bolts, and metric class 10.9 corresponds roughly to grade 8 SAE bolts, with metric 9.8 between them. Metric fasteners simply have the class rating on the head.
If you look at the markings on the factory fasteners on our vehicles, you will find many more 8.8 markings than 10.9. Therefore, in most locations, the factory engineers deemed 8.8 to be plenty strong enough for our applications.