I know I shouldn't contribute to the madness, but sometimes I just can't stop.
A "stress raiser" is the same thing as a "stress riser". Just depends on where you went to school, or maybe when. In any case it is generally used to refer to a mechanical feature of a design (like the sharp corner on the stock Commando crankshaft at the main bearing journal) that contributes to a higher stress concentration at that point than in the surrounding area. We worry about them because cracks are more likely to occur at such points.
Nitriding doesn't change the fact that a particular mechanical design acts as a stress riser/raiser. But it does reduce the effects of the stress riser. Cracks form when the stress in a material is greater than the strength of the material. Nitriding adds compressive strength of the material, thereby requiring higher stress to start cracks. The effect is the same for other surface treatments, like shot peening, that leave added residual compressive strength near the surface of the material.
As Dances said, plenty of info on all this sort of thing on the web nowdays. I kind of miss having to go to the library to dig through technical books for info, but not much. The wealth of engineering and science knowledge available on-line to anyone willing to look is incredible.
In the case of stock Commando crankshafts, you can improve their durability significantly by putting a proper radius on the output shaft, finished by abrasive polishing, and shot peening, if possible. Tuftriding after finishing the radius also adds to the cranks durability, and doesn't require finish machining afterwards, as nitriding usually does. On the output side big end journal, I don't know of much you can do to improve them besides tuftriding. The factory machining process in boring out the journal seems to create a built-in stress riser there.
Ken