63-66 idler arm conversion to late model thru bolt ?

Have it you way. Ignorance can be expensive though.
Double shear will flex far less than a single shear design. That is basic physics and common sense.
Back then, they didn't make a change for the heck of it. There was engineering involved.

Not ignorance, experience. Keep cobbling stuff up going for perfection, when the original design is fine for 98% of the use out there. Moog also made a Tapered roller bearing early A idler arm. I have one. They work great. The difference is between sleeve bushings and a roller bearing. No contest. Scott Harvey also won SCCA stock class in 1966 with his 66 Barracuda Team Starfish.