I just rebuilt my 02 700, I reused bolts, I also put a small amount of oil on threads, before torque down, so you don't under torque! I have almost 400 miles on my rebuild, and running great so far!
Sorry my mistake, I have a 02 700, and was told max rpm/peak horse was around there. I figured that was true for all 2strokes, but at least I know that I was misinformed!