The ARP numbers, or any other "yield" chart tell you the "never exceed" or the "optimum" value for the bolt in question, although the example given by Tinker shows the range of values available. Indeed this is a question to consider.
However, the chart values are not necessarily the best torque for any particular application. For example, a cast iron manifold is not the same material as an ARP bolt, not to mention the give in the gasket, which is what causes the crack or break to happen. To tight for the application, regardless of chart torque values, and you get a failure.
I use ARP studs on my head, but I do not torque it to the ARP maximum for a 7/16" above grade 8 stud, the number of which I do not recall off hand, but is much higher than the 60 I use on my HC aluminum head (and may be different for a cast iron head). Just because a bolt (or stud) will safely take a particular torque does not mean the application should be torqued that much. Lacking charts from Ford, all we have to go on is experience, which this forum has a wealth of.
The pros who do it all the time, and experienced amateurs, can actually "feel" the stretch (spring) of a bolt tighening. When the torque value comes up suddenly, it has lost its spring, and it is time to replace the bolt. I worry every time I tighten rods, which have long ago mostly lost their ability to stretch/spring.