In reply to dean1484 :
This is a back of the napkin approach and not going to be exact by any means but may give some insight into the safety factor.
Let’s start with a few assumptions:
Assume a grade 8 equivalent stud
Use a 2005 Mustang 1/2”-20 thread and recommended torque of 100 lb-ft.
Assume that the OEM does not want you to reach yield on this fastener since it is multiple use over its life
Based on the Fastenal information linked here: https://www.fastenal.com/content/feds/pdf/Torque-Tension%20Chart%20for%20A307%20Gr5%20Gr8%20Gr9.pdf
We see that for a 1/2”-20 fastener dry to achieve 75% of proof stress requires 120 lb-ft. For that same fastener lubed to achieve 75% of proof stress requires 90 lb-ft.
Now let’s assume we can take it right up to 100% of proof stress. To hit this with a dry bolt would require 160 lb-ft or about a 60% increase over the recommended torque level. With a lubed fastener, it would take about 120 lb-ft or 20% over the recommended torque level. In both cases there is still a safety factor if torqued to the recommended amount, but it isn’t inconsequential.
This doesn’t account for how the lug nut interfaces with the wheel and it may be an oversimplification but it does give some guidance on what the safety factor may look like.