My dad has been in the Fastner Industry for about 30+ years.
I asked him so I could relay the info. Here you go:
To say that either an internal or external screw thread is stronger than the other is a misconception if you are stripping threads or breaking bolts you have pushed them beyond their physical limits. There are to many contributing factors to be considered a simple example is if you screw a grade 2 nut onto a grade 8 bolt obviously the nut will strip before the bolt fails reverse is and the bolt will fail before the nut. Quoting right out of the 7th Edition of the Inch Fastener Standards of the Industrial Fastener Institute under the heading Bolt Failure is the Preferred Failure Mode it reads "In selecting fasteners, designers should strive to assure that if a failure should occur--- from overtightening during installation or overloading in service---- that it be bolt fracture and not thread stripping" that means that the engineers design it that way which would cause most people think that nuts are stronger, all things being equal the "threads" are the same strength, but since the strength of a nut is measured across the flats (wrench size) and the strength of bolt is measured across the shank of the bolt a nut of the same material is the stronger element of the joint.
Do you want me to fax you about 100 pages of the IFI "Basic Elements of Screw Thread Design" it will tell you more about screw threads than you really ever wanted to know or you can go to
www.askdadaboutboltsandnuts.com....................