I was a little anal about this because I pulled a pretty heavy trailer that was mounted with these bolts. I went to the hardware store and bought me some grade 8 bolts, shaved the heads down, and inserted them in from the inside. I mounted everything up and ground off the excess bolt sticking through the nut on the outside.
If you're not planning on pulling a trailer, carrige bolts will do just fine. Like John said, that square shoulder will keep the bolt from turning and will get pulled into the hole.



I trimmed the heads with a Dremmel, but any grinder and a vise will do.

Good Luck,
Hay

Jimmyt