Cooltide, I'm not a metallurgist, and I think that's what we need here, but two reasons not to use stainless are that it is susceptible to galling (which I've seen on boats plenty of times) and the fact that stainless is a bit of a misnomer. It will rust like any steel where Oxygen can't get to it readily, so although it may be pretty externally, behind the scenes all may not be well.
My experience on boats is that we often throw away s/s stuff, from bolts to entire bottle screw rigging terminals (expensive) due to galling and rust, and although it's an environment where it's all accelerated it has put me off ever using even the strong stuff on a car.