Jim Macklin wrote:

Understand that bolts used in aircraft construction are not
"hardware store" items. The steel and the tolerances for
aircraft grade fasteners are better than hardware store
Grade 8 bolts. Beech uses bolts in tension to hold the wing
on the Bonanza, Baron and King Air models. When there is a
crash, the bolts are rarely broken. But if the bolts are
not properly installed and maintained, corrosion can weaken
the bolts causing them to break.

Cessna uses a bolt installed in shear through fittings like
you fingers meshed. This is called "double shear" and as
long as the bolt is a snug fit in the hole the bolt can hold
more load than the airplane is designed to experience.
But a bolt in tension is stronger than a bolt in shear.

I'd have to pull out my AISC manual to be sure, but I believe that a
bolt in double shear has more capacity than in tension. If you are
comparing single shear to tension, then I agree with you.

Matt