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Stainless steel is a tricky material at the best of times. In spite of excellent tensile strength it is susceptible to stress corrosion cracking, especially in the presence of chlorides. I would not have stainless steel in any part of my ground tackle - not shackles, anchor or chain. Remember, the strength of your ground tackle assembly is the strength of the weakest link.
There was a very revealing article on stainless steel chain published in Flying Fish a couple of years ago...
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