1/8" stainless rod is as strong as you will ever need and it won't rust and is a bit easier to cut threads in. Once you reduce and cut threads in a piece as hard as music wire if it gets whacked enough to flex the hardened area that is threaded it will just snap. Stainless is not as brittle and if it were whacked hard enough to bend it at the thread it would flex rather than break.
We used to silver braze a 6/32 hardened bolt on the end of 1/8" music wire and found out the threads became weak point unless you thread the bolt in all the way up to the head.
With the stainless with 6/32" threads on the end I usually cut them short so I can thread the threads all the way up in the ball joint and even some of the full diameter of the rod is in the balljoint so there is no weak spot.
Peter,
I see you recommending the pull to go right but I don't see how you are going to do that on many boats. While a good idea it's feasibility for the boats that need it most is usually not going to be very reasonable.
Running a pull system is possible with remote mounted waterproof servo's on some cats and mono's but most prefer their servo' be in the radio box. Left side rudders suck on most everything so that isn't a option for pull system on right turns if the rudder is on the right side on a boat like a hydro or rigger..
It gets a bit more difficult on hydro's and riggers where you need the benefit because the rods tend to be longer. The rudder is usually on the far right so on a rigger if the arm was out to the right the pushrod would be hanging outside the boat.
If it were a hydro the pushrod would be coming through outside the stringer where you can't even get to because the access holes in the deck often aren't as wide as even the rails are. It would be anything but simple. Nearly impossible.
I also recess 1/3 of the ball sticking out of the balljoint into a recess in the rudder steering horn and the servo arm. That way it is fully indexed with the horn and arm and there is very little stress on the 4-40 bolt. It just keeps the ball in the horn but has no stress on the bolt itself and will never bend or fatigue.
1/8" Stainless is close to bullet proof as it gets and still be reasonably sized and work nicely in most waterproof bellows.