You are correct. But I don't have any chasers that small; all I have are the plates for my lather tooling. For as little as I would use them, it's not worth keeping up with them; I already own several cool tools I can't find!
While there is a torque value for the studs, you're not going to reach it until the stud bottoms out in the blind hole. @Rusty Marlin is correct; it's the clamping force of the nut against the hub face that holds everything in place. Running the studs in by hand, as long as the threads are...
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