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Almost anything but stainless. It's not real structural. Use grade 8 steel metric. Keep in mind that a pinch bolt *pinches*. Just a nudge past snug.
Metric uses a different grading system. You are looking for bolts with head stamps of 10.9 OR 12.9'S no such thing as a metric grade 8. http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=3&cad=rja&uact=8&ved=0CCYQFjAC&url=http%3A%2F%2Fwww.k-tbolt.com%2Fbolt_chart.html&ei=8OcoVd_hNfaIsQTGw4CgAw&usg=AFQjCNGI-QQZC86hdCBZRzQ5BO7Z6csZ8w
If I use stainless for pinch bolts, it's A4/80 which is 316 stainless.
But when we run down to tru value hardware for stainless fasteners we're getting A2, which is 18-8 or "grade nothing" ornamental. That's the stuff your allen wrench chews up. I just got some 12mm shoulder bolts in A4 (316) stainless to use for brake pedal axles. Spendy stuff. Close to twice what they cost in 18-8.
Yes, I get my A4 off the enternet. We don't have local sources for that sort of stuff. But to get back to the op, Charlie -- Are you saying you would or would not use 18-8 stainless for those pinch bolts?
Since they're only an M6 x 40 socket head and get torqued to only slightly more than "snug", I wouldn't hesitate to use regular 18-8.