Have never found mild steel to be a problem, either T section nuts, or a thinner disc with two flats, in the bottom of the slots. Have made lots.
After all the forces that you can generate with a 1/4 BSF or M6 will crack a Myford Cross slide (Anyone want the T shirt?) M8 and M10, being coarser pitch, are less likely to damage the table on a mill.
Ideally the nut should be just a few thou below the surface when pulled upwards, so that any distortion is minimal, and less than that to crack the material.
Howard