Are rod and rocker arm bolts re-usable?
Good rule of thumb is to replace the stock ones with some better holding ones if you plan on cranking out the RPMs. Plus, you already have the pan off and are staring them in the face. I would do it now before it lets go later. Katech or ARP is generally the way that most people go for replacement. I am not sure if the stockers are TTY, but most people pull and replace them first chance they get, so there isn't a lot of discussion on re-using them.
As for ARP/Katech, neither should need resizing. Both might distort the bore, but either one would do it. They are both aftermarket bolts that provide a higher clamping load than factory stuff.
How much is your time worth? Things like this usually find the most inopportune time to break...is changing one engine for another [$200] 5.3 because a rod bolt let go technically cheaper? The ARP's aren't very expensive, don't need checking, and will outlast the factory rods by a good margin. Peace of mind is a very nice thing when you're trying to enjoy driving.
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Higher clamping force equals distortion. Is it enough to require resizing? Maybe.Personally I'd check everytime unless I didn't give a damn what happens to it. Since that is where you are give it hell and see what happens.
The Katech screws aren't magic
They function the exact same way a fastener from ARP,SPS,etc. does. They are just a fastener. The Best V8 Stories One Small Block at Time
The Katech screws aren't magic
They function the exact same way a fastener from ARP,SPS,etc. does. They are just a fastener.BS? Who knows, that's what I remember hearing.
As for the arp/katech bore distortion - the powdered metal material/process/forging used to make these rods is REALLY stiff, just like a casting, except WAY better. Because of this, either rod bolt, even though its got a higher clamping force, really doesn't do much to affect the bore, although in theory, it should. Forged, especially gm sbc rods, have a certain amount of give, like any forging, and get distorted easier than the PM rods.
I did an essay on the PM process 2 years ago, and found some interest articles on blocks being made of PM. Lighter than a cast iron block, and far stronger.
Anyways, as for if the factory rods bolt torque spec, a first try
seach not only found me the torque specs, but also if they are re-usable. 
I think ARPs are a good idea since its all ready and easy at this point. What if you like what the 5.3 puts out, but can't enjoy it b/c you're concerned about the rod bolts letting go???
I differ from the ARP/Katech recommendation, and since you're on a budget, recommend the LS6 rod bolts. They're good enough for 400+rwhp, and 6500.
You can buy them for $2.63ea + ship.



