Wheelyking someone's been reading his CMM LOL
The time life program you refer to is an alternative to doing MPI on the bolts, on the logic that what you lose in hardware scrappage costs you save on reduced labor costs. That works fine as long as you know the fitment date of the original bolts!
A little story for you. An airline I used to know some years back operated 747-100 and 737-4/500. Their workshop practice was to clean and NDT tiebolts then throw them all in a tray together and pick out the required number when they built a wheel. What they failed to realise is those 2 aircraft types, of some 20 years age difference, used the same P/N tiebolt and they couldn't understand why on their new 737s they had a rash of age related tiebolt failures! At least one was a multiple bolt failure causing tire deflation because the first broken bolt was hidden by the wheel fairing. And as Turin says the migrating bolts mullered the brake.
So it's not only flight crew where complacency and sloppy practice can have serious consequences!