We used stainless for the reasons described. Different grades of stainless have more -or less magnetic attraction, but it is much less than steel. Stainless fasteners can have there own issues with galling, but if it is not something frequently disassembled likely not an issue. I've seen some hardened blade bolts, for example, that have held up better long-term than stainless.
Some designs I've seen have pretty long lengths of threaded rod (or 'all-thread' depending on where you live) supporting the stator. To me a spacer over a bolt, stud or all thread seems like a better method. Time will tell but torqueing unsupported threaded rod especially with electrical braking in high winds, seems like inviting unnecessary problems. Probably of no concern on the size your looking at.
Good luck, ~ks