Hi...I'm jdub...slayer of Supra HG myths and prophet of Supra enlightenment
J/K...but it feels like that sometimes concerning the numbers floating around on HG bolt/stud torque.
For ARP hardware, follow the torque spec that ARP supplies with the package...do not over torque! The torque spec is based on 75% of the rated strength for the hardware...ARP knows what they are talking about. Pay attention to the lube used...the torque spec is different for moly vs. motor oil.
Either bolts or studs are good. The studs have better clamping force and resist loosening better from thermal expansion. You want to retorque both after a few heat cycles...however, once studs have been heat cycled you do not have to retorque. What this means is if you reuse studs, you do not have to retorque them...when they are brand new, you do have to retorque them once and that is it.
The stock HG is ~ 1.3mm...you base your MHG thickness on how much material is removed from the block and head. There is .040" in 1 mm. If you remove .005" from both the block and head, that is .010" total or .25mm. In this example you would want a MHG of 1.5mm thickness.
The block surface and head surface must be decked to the RA spec for the MHG used. If you go with the HKS stopper, that is 30RA or less...for a Cometic, it's 50 RA or less. Do not use spray sealer on a new MHG...they already have a factory coating to effect the initial seal. Spray sealer can turn it into goo.