Fido, et al,
You note an interesting point about "tension." I, too, have never heard torque referred to as tension. On the other hand, torque applied at the head of the bolt does result in tension in its length, so, maybe, the term is not that far off.
I don't know if anyone here will run off to their sheds (borrowing the Bristish term) to cut their wrenches shorter. I doubt it and I don't think that's what you meant to happen. Considering the gathered experience, I bet we would find that, consciously or unconsciously, we all use "hands as torque wrenches." I sometimes find myself pulling on long wrenches with a given finger, or fingers, with the understanding that a limited and somewhat metered torque would be applied. Of course, just pushing or pulling on a wrench closer to the ring or span has the same affect.
Another point in this ongoing converstaion has been when to use a torque wrench and when to let it go. For me, if it is for significant parts (for example, heads and rod journals), and if I have a logical torque value, and, finally, if the nuts and/or bolts are reasonably accessible (unlike cylinder base nuts), then I will apply a torque wrench.
Les, I told you that this topic would get a lot of action.
Richard