Ok, I think I get what you were trying to say. Yes, the bolts must maintain their stretch. This is a very well understood bolting phenomenon. When bolts have a light clamp load, cyclic loading ends up cycling them through tension and compression. This fatigues the bolts and they will fail. If they are heavily clamped, as the load cycles, the bolts only cycle between heavy tension and light tension. There is no force reversal, and the fatique curve is much much longer. They don't fail because of the shear, they fail because they are cyclicly loaded and not stretched.
When the holes are slotted, bearing area is greatly reduced, which could lead to mushroomed holes which allows the tension to relax.
Regardless, this mod is probaby fine for the limited number of vehicles we're talking about. But I guarantee you, if you did this to 10,000's of vehicles, there would be some failures, which is why I find it so ironic that the people supporting this mod are critical of the few failures on the LR3.