The practical difference is where the tightening force is applied. A bolt is turned through its head, whereas a stud remains installed while a nut is tightened. This can make a stud useful when repeated removal could damage a tapped hole, or when the joint needs a fixed guide for positioning a cover or flange.
A bolt may be the simpler option when access is available on only one side or when the assembly needs a fastener that can be inserted and removed as one piece. Do not assume that every threaded rod is interchangeable with a stud: check the thread arrangement, unthreaded length, end treatment and applicable standard before ordering.
Start with access and maintenance. Choose a bolt when the installer can reach and turn the head and the fastener needs to pass through the assembled parts. Consider a stud when the joint is opened regularly, alignment is important, or a nut can be tightened without turning the threaded member. A stud may also preserve a tapped housing better, but it requires enough space for the stud and nut.
Check the joint rather than only the nominal diameter. Confirm the thread size and pitch, usable thread engagement, grip length, unthreaded section, nut clearance and whether the hole is through or blind. A bolt that is too long can interfere with internal parts; a stud with insufficient engagement can leave too little thread for the nut.
Match the fastener to the environment. Review the base and mating materials, corrosion exposure, temperature, coating and any galvanic-corrosion concern. The nut, washer and fastener finish should be compatible with the joint. For a specified assembly, confirm the required material grade, mechanical class and standard instead of substituting by appearance.
Send an assembly drawing or a clear description before requesting a quotation. Include whether you need a headed bolt, a fully threaded stud or a stud with different thread lengths at each end, together with thread details, overall length, material or grade, finish, quantity and application. Ask the supplier to confirm the proposed configuration against the drawing.