You can likely find reference material on-line that will give you some idea of the various Bolt Grades and their Torque Ratings. Grade 2 steel has a low carbon content; it's soft and will easily stretch and twist. These are the Bolts that commonly shear off at the head. Variables, like Bolt Size, Threads per Inch, Length, Lubrication, Temperature, etc., will determine the Maximum Torque that can be applied. In terms of the Bolt Sizes commonly used in Automotive applications, roughly speaking, puts the Torque Range around 15 - 25 ft/lbs. It's hard for me to believe that Grade 2 would be used or considered acceptable in any Torque Specific Application that may be considered Medium to Heavy Duty. Again, check on-line or visit a local fastener supplier, if there's one in you area, for Reference Materials.
On a different but somewhat related note, it's interesting to me that AMK should come up in this thread. I'm curious if anyone else has experienced issues with their products? Over the last year or so, I've purchased various AMK Fasteners that just don't seem to be of the same quality as they were 10 years ago. I've had some that just snapped in half with little force and even the appearance is different in some cases; almost as if they are knockoffs. I'm wondering if your experiencing this with your Tail Housing Bolts...though Grade 2 is still not Heavy Duty enough, in my opinion, to be used for your application.
All the best.
Ray