There’s too many factors in a typical front steering axle. Beside maybe a dragster where both tires will have almost equal amount of traction and little to no steering at all time and metal fatigue is less of a concern.
In an off road rig, I want to say the best set up will be to minimize stress risers, regardless of alloys used. Axle shafts with its outer diameter not any larger than spline root diameter along the length, and with good radii profile at yoke.
4340 and 4340M (or known as 300M) can twist a lot lot more than weaker alloys of same size. But I want to emphasize that all kind of metals (chinesium of unknown alloy or all way up to certified USA-made 300m) will twist nearly exactly the same for the given torque. The difference is that stronger alloys will twist more before yielding or break or get FATIGUED.
You lose what I’d call “torque-shock dampening” as you go larger outer diameter.
Imagine you have two 24” long extensions, 1/4” and 1/2” drives (assume 1/4” drive extension have 1/4” outer diameter, 1/2” drive extension have 1/2” outer diameter if you must know…).
Two test scenarios.
You adapt either to your 1/2” breaker bar. You try to turn an immovable fastener with both to a torque set point. You’ll find out quickly that the 1/4” drive 24” long extension twisted a lot farther than your 1/2” drive 24” extension will before you reach the torque set point. Now, what if the said immovable fastener suddenly turn counter-clockwise against your clockwise torque? The 1/4” drive 24” extension will give you the desired “torque-shock dampening” because the torque being applied to your hands ramp up slower despite the fastener turned several degrees while your 1/2” drive 24” extension will “torque-shock” and rip out of your hands despite after the fastener only turned few degrees.
This is under assumption neither 1/4” or 1/2” drive yielded or broke.
scenario: You’re to go up an exciting hill climb where you need to use generous amount of throttle. As you bounce your way up holding the loud pedal to floor, the “torque-shock dampening” characteristic improve your traction as your tires will not slip as easily wherever they finds a good patch of traction (slipping tires generally always have less traction) and more forgiving on your drivetrain as whole.
The only way to have more twisting in an axle shaft without sacrificing maximum torque before yielding is to go with blingy alloys like 4340 or 300M. Therefore logically going with best alloy you can get or afford, to minimize outer diameter without sacrificing strength and twistability.
The issue with 300M blings that they’re susceptible to corrosion and any imperfections on outer diameter surface. They’re stress risers, often leading to fatigue failure. Try imagine you have a clear scotch packing tape under high tension. A pen poke it lightly and the tape severe immediately. Same thing with a rust pitted or gouged 300M where the crack will appear and grow quickly from the rust pit or gouge valley.
Protect 4340 or 300m shaft surface from corrosion or rough handling. Paint shafts between yoke and sealing surface to prevent corrosion. Even a special axle shaft seals, like newer ford d60s use, which don’t ride on shaft at all will help eliminating any chance of seal grooving. This will ensure your blingy axle shafts to last much longer.
For the steering joint, it’s a personal preference. U-joints, rcv or even rzeppa
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In a perfect world aka unlimited funding and time to design & build axle assemblies for my recreational trail rig on 35”-38” tires; I’ll want to design an axle assembly with either JKD44 or AdvanTEK “D44” ring and pinion in a strengthened center section with load bolt to combat gear deflection with 35 spline carrier (or larger to like 37 or 40 if required to have more meat to “comp cut”), 1550 spicer life series u joints for its steering angle and availability and longevity and strength, heat treated and polished and anodized 4340 (I pick 4340 as it’s more widely available and more resilient to surface imperfection) inner shafts with “comp cut” neck down between inner seal and yoke to prompt twistability for the “torque-shock dampening” to help everything between tire and transmission live while without sacrificing to metal fatigue or strength.
Gotta compromise somewhere due to cost, engineering or manufacturing limitation or time.
Yeah I’m bored. Carry on.