Richard, with all due respect, I realize your two points represent the conventional wisdom, but that conventional wisdom conforms neither to engineering principles or what I have heard from others. I have not personally heard from one person who re-used good stock conrod bolts in a street application and had them fail. I've personally heard from two people who have had failures with aftermarket replacements. I realize it's not statistically significant, but it is the data I have.
Also,
1)We're still talking about the bolts, right? I said nothing of nuts, but in this case, the original nuts are not locking, so it doesn't matter and there is no problem re-using them.
2)The bolts are preloaded and torqued to be elastically deformed ONLY. That is what they are designed to do and to stay under constant tension regardless of external load. Therefore, unless there is a catastrophic failure of some sort, there is not reason the bolt should plastically (irreversibly) deform. I suppose that there's a remote possibility that the bolts may have been overtorqued by some ham-fisted mechanic without damaging the threads, and I guess that is a concious risk I'd be willing to take over an un-tested bolt of dubious origin.
BTW, EVERY mass-produced bolt has its threads rolled, but I would not put a grade 5 bolt from the hardware store on a con rod.