For all practical purposes my 17mm axle is bulletproof. Something else will break, like the cast aluminum hub, before that 17mm axle breaks, so a 20mm diameter axle doesn't increase the strength of the weaker parts that will fail first under stress so a bigger axle is pointless. Since the wheel I was adapting was already from a bike using a 1 piece axle, I only had to figure out spacers to make the wheel fit centered between the arms of the norton swingarm. The internal hub spacers were already set up to work from the donor bike with the 17mm axle.
If Don says adapting a 17mm axle to MK3 has more issues than just widening the axle slot, I would believe him, since he makes the kit to adapt the early model commando to use a 1 piece axle... so he knows.
My bike had the early bolt up hub and 9/16 diameter 2 piece axle and it never failed me, unlike some other people who weren't as lucky as I. My move to a 1 piece axle came purely because it was the simplest place to adapt the chosen yamaha wheels to the norton swingarm.
Just to make Don's point about there's often "more to it", I had other issues too... I moved the speedometer gearbox to the front wheel. I made a custom brake cable to reach the new drum brake now located on the timing side of the bike hub. I had the sprocket carrier turned down .25" to align the sprockets. I welded a brake "stand off" onto the swingarm to recieve the torque arm of the brake hub on the timing side, and I welded a stud to hold the brake cable end on the timing side of the swingarm near the swingarm slots... I could list more...
So, be aware that prototype modifications can snowball from inexpensive and simple to complicated and costly. I know this from experience. I can also say that I love my bike as it is now too, but never expected to put as much into it in time and money as I eventually did.
With that being said, IF I wanted to adapt an MK3 to have a 1 piece axle, I would probably do it and bugger all the costs... but that's just how I am. Obviously, I can't leave well enough alone.... 8)