Machine Design
Two shafts will have equal strength, if

Diameter of both the shafts is same
Angle of twist of both the shafts is same
Twisting moment of both the shafts is same
Material of both the shafts is same

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Machine Design
Set screws are

Slotted for a screw driver and generally used with a nut
Similar to small size tap bolts except that a greater variety of shapes of heads are available
Used to prevent relative motion between parts
Similar to stud

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