I have to crank the bolt down on my PM 90 to keep the tail stock from moving and it has a 'tall' nut on it so there are lots of threads engaged. If there is room for a long nut, it might be the easiest fix. Also I don't think grade 8 is needed, grade 5 should be plenty tough. Stainless is not going to help either. Lightly sand the shine off the tailstock base to get a bit more grip.