Not sure if anyone has ever done the research but my concern with washers and an impact wrench is that you'll stretch the bolt or the threads to some extent.
As long as you don't exceed the max torque for the fastener I don't think you'll have issues. What I'm seeing, for 3/4 ton, is that they are 1/2" studs? (Edit: See below, 9/16)
Grade 8 max torque is around 120ft lbs from what I see online (depends where you look, Grade 5 is listed at 85ft lbs max). GM torque spec seems to be between 75-85ft lbs for 3/4 tons with 1/2" studs.
If you aren't using a torque wrench, no clue how you'd know if you were going over or not, and kind of need to know what grade GM spec'd. I don't recall if lug studs are marked like bolt heads or if there is an industry-accepted grade for all wheel studs.
1/2 ton is far lower of course (7/16"), 78ft lbs fastener max, *assuming* grade 8. But I think if you look up the GM torque spec for lug studs, the 1/2 ton are near the grade 8 limits so I'd hope they were actually using grade 8 lol. But that's not much torque for seating them IMO.
Funny how often impacts are used on lug studs (especially ones that have quite low torque limits), but we generally go nuts about not reusing things like leaf spring u-bolts.
Edit: I think 9/16 is right for 3/4 ton +. No idea why someone put out a chart showing 1/2". The numbers change to 172 ft lbs for grade 8, and 122 for grade 5. With those numbers I would expect GM to use grade 5, if the lug nut torque spec was near that.