rsk2mc: In your case, the bolt breakaway head will not be preloaded, which is different from a typical bolt head. Therefore, in your particular case, if your breakaway shaft is a solid circular cross section, you could use the following.
d = 2.04[T/(Rsu*Stu)]^0.3333,
where d = solid circular breakaway shaft diameter, T = breakaway bolt installation torque, Stu = bolt material tensile ultimate strength, and Rsu = dimensionless factor, such as 1.00 or 1.40.
You would need to test each different bolt alloy, to determine the value of Rsu for that particular alloy. Fortunately, there is probably no test easier than this test. Once you determine Rsu for a particular alloy, then you can plug it into the above formula, for that particular alloy.
For an initial guess at Rsu, I might arbitrarily guess 1.30 or 1.35 (?). Regardless of your initial guess, after you test it, you can then solve for Rsu, using the above formula, to obtain the correct value of Rsu, for that particular bolt alloy.
If you
do determine your above Rsu value, then if you want to post your Rsu value, and bolt alloy, here, that would be great.
Here is an example. T = 54 240 N*mm, Stu = 515 MPa, Rsu = 1.45. Therefore, d = 2.04[(54 240 N*mm)/(1.45*515 MPa)]^0.3333 = 8.51 mm.