I think there has been some good write up on this topic on Mainsheet and I remember seeing someone on the group posting up as well.
I replaced port side gate and port side midship stanchions at the beginning of this season on our 1998. They were bent significantly and didn't want to straighten them as, apparently, the process weakens stainless steel.
In addition to the previously noted points, a few observations I would make:
-I had to take the cabinet off in the galley above the stove. The liner is 1/4 inch thick and there are wires behind it. I placed a small steel plate behind not to chew through the wires with the hole saw bit.
-There are 1/4" bolts (5/16" washers); the ones on the front are 2.5 inches in length, in the back are 1.5 inches( h shaped). I replaced all with new stainless steel bolts. Don't try to salvage bolts; worth replacing with slightly longer ones. As Warren described below, the washers that came out were cup-shaped because of the pressure over time. There was no backing plate.
-I used 1/4" G10 fiberglass board as backing plate; because of the contour of the underside, I used a little bit fairing compound to fill depressed areas so that the plates press firmly underside. Longer bolts are needed to allow for the backing plate. (Made 3 pieces for the gate stanchion - one piece for the large bolt, one piece for the 2 bolts in the back, one piece for the 2 bolts in the front)
-Chamfered/countersunk the holes from above to allow for butyl tape
-Used crow-foot set and 4" ratchet extension bar, a ratchet angle extension underside to handle weird turns
-Total labor: 12 hours (for both the gate and midship) if you have all the parts you need
Hope this helps.
-Onat#546