I have been doing a bit of research on axle material strengths - and I came up with the following info... (data from US and Oz steel manufacturers/Suppliers).
Material (other names) / Ultimate Tensile Strength (MPa / psi)
AMS-6418 (MIL S - 7108 / 4625M4 / HY-TUFF) / 1655 / 240 000
4340 / 1380 / 200 000
300m (4340m) / 1980 / 288 000
So it looks like HY-TUFF - as used by Superior and Maxi-Drive (Australia) to make axles - is almost as good as 300m (or about half-way between 4340 and 300m). And on www.outerlimits4x4.com (down at the moment so I can't post the link) Strange Rover posted that Jack at CTM told him he uses HY-TUFF when he can't get 300m anywhere.
But in the BV steel and axle bible, here is what BillaVista says about steels like AMS-6418/HY-TUFF...
So does BV or anyone else have any extra info?
There is also another good axle material (EN26 / X9940) that is reported by steel manufacturers to be stronger than 4340, which gives 2 choices for steels stronger than 4340, but not as strong as 300m. Info is here - note that both sites say that EN26 should be used for applications where more strength than 4340 is required.
http://www.interlloy.com.au/data_sheets/high_tensile_steels/en26.html
http://www.smorgonsteel.com.au/metalsdistribution/products/group.cfm?GroupID=18
Material (other names) / Ultimate Tensile Strength (MPa / psi)
AMS-6418 (MIL S - 7108 / 4625M4 / HY-TUFF) / 1655 / 240 000
4340 / 1380 / 200 000
300m (4340m) / 1980 / 288 000
So it looks like HY-TUFF - as used by Superior and Maxi-Drive (Australia) to make axles - is almost as good as 300m (or about half-way between 4340 and 300m). And on www.outerlimits4x4.com (down at the moment so I can't post the link) Strange Rover posted that Jack at CTM told him he uses HY-TUFF when he can't get 300m anywhere.
But in the BV steel and axle bible, here is what BillaVista says about steels like AMS-6418/HY-TUFF...
Now we can see from the UTS values above, that HY-TUFF appears to be stronger than 4340 (sure there are discrepancies in the numbers between sources, but the 4340 value is the highest I could find for std 4340 from a steel manufacturer - and the HY-TUFF value was obtained from manufacturers, and is also the UTS claimed by Superior for their axles). As for the silicon content - 300m contains 1.45-1.8% silicon, HY-TUFF 1.3-1.7% - so surely the same should apply to 300m about the long silicone strings. I have looked around quite a bit and I cannot find any info (besides that from Billa-Vista above) that mentions the long silicone strings in Hy-Tuff being a problem for parts with section changes. And it has been reported that HY-TUFF axles can take a lot of plastic deformation without failing completely. If HY-TUFF is "a damned sight cheaper" than 4340m and 4340, but stronger than 4340 and the second best thing to 300m, then why isn't it used more?
So does BV or anyone else have any extra info?
There is also another good axle material (EN26 / X9940) that is reported by steel manufacturers to be stronger than 4340, which gives 2 choices for steels stronger than 4340, but not as strong as 300m. Info is here - note that both sites say that EN26 should be used for applications where more strength than 4340 is required.
http://www.interlloy.com.au/data_sheets/high_tensile_steels/en26.html
http://www.smorgonsteel.com.au/metalsdistribution/products/group.cfm?GroupID=18