Scotty, the stainless will pose the issues you just brought IF...it's exposed to the elements. Try this. Locate the cleats and drill, then counterbore the transom so that the nuts are recessed (proper length bolts here are crucial, just long enough to protrude out the ny-lock nut a thread or 2), then fill the recessed hole with Bondo-glass or similar filler, fair and gel. Yes, the bolt heads will be exposed to the elements, and transfer some of the nasty effects throughout the length of the bolt, but I doubt, over the course of time, no ill effects would be seen on the outside of the transom...