I've used stainless chain (40') on my charter boat for 15 years. Have anchored over 1,000 times with extreme short scope (1.25 : 1) using a grapnel. Tons of shock loading and never a problem.
If I were outfitting a passage maker I would probably pick galvanized (partly for cost). If you use reasonable scope and a snubber, I wouldn't have any concerns about using stainless.
Ted
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