Quite easily? I disagree. The shear strength of a grade 8 bolt is quite impressive.
The sheer strength of a grade 8 bolt may be impressive, but that doesn't change the fact you're putting forces on the bolt in a way it was never intended to withstand. Do you have any idea how much force is transmitted through the swing-arm into the pivot bolt? Honestly, I don't... but I know that it has to be a rather impressive number. So the question is, "which is more impressive, the sheer strength of said bolt, or the force transmitted. As mentioned previously there's also the longitudinal force that is now going to be forced onto the needle bearings inside that swing arm.
Do you know how steel bars, spring steel, rebar, or anything of the like is cut at the factory? With a big hydrolic press. Kerchunk, and it's cut.
Or hell, think about all the damage that twisting force on a grade 8 bolt could do to a soft aluminum swing arm.
Not necessarily true. It's a common misperception that all things engineered are done so specifically to make something better or safer. Many times they are engineered in order to produce or assemble easier or faster. Not that this is the case here but just an example that many design decisions in products have nothing to do with their function.
That's the point. It's done for a reason. And if switching to two small bolts instead of one long one allowed more room, easier assmebly, and less weight don't you think it would have been done by now? It leaves a lot of extra room through the engine don't you think? Look at all that space you could put something in. Two small bolts weigh less then one long one... lets drop a lb or two. And it'd be faster to install those two small bolts then the one big one where you need to jimmy shit around.
So I'll repeat, why wouldn't we be seeing this on race bikes if it's an advantage? Hell it probably also provides rigidity across the frame while turning. Bolt one side to the other.
if you must do it at least go with grade 8 bolts. but a better way to do it would be to make a couple billet pieces that could be welded to the frame so that the pivot bolt is supported on both sides of the pivot. otherwise there is a shit ton of twisting forces on the frame and swingarm.
I was going to suggest forking the swingarm mounts points. Have it mount on both sides of the frame. Same idea, just on the swing arm.