I have no great insight to add here except my own experience. A number of years ago I changed out rod bolts on a 383 and a 440 to the MP bolts without resizing. I tightened the bolts to torque and then used an inside micrometer to measure them in about 5 places around the hole. Looked good so I ran them and had no problems. When I pulled the rods later, all the bearing shells looked good. That was my experience but I am NOT saying it will be yours. I don't know about the wave locks, but with the MP's the shoulder is a bit longer, and tends to pull the caps into proper alignment, unless a bolt is actually bent, or the bolt holes are worn.
I'm probably an idiot for saying this, but I've come to believe that in some cases this concern is a bit over rated.