I would not use the grade 2 bolts in high stress applications, but for $20 I could not pass on close to 150# of decent bolts.Lots of good info here. But let me add a few important ones.
Testing to failure is a great way to test the final strength of a bolt. But then the bolt has been ruined.
Testing a sample of Bolts to failure is not a valid test unless all the Bolts and their histories are identical. Yours are not.
Therefore testing to failure isn't very useful.
You can certainly test to recommended torque for that size and grade. This won't have any affect on a good bolt. However, this does not in any way evaluate the strength of the bolt. Recommended torque is the torque required to hold a bolt in the fastened state under load. It is not intended to permanently deform the threads. Design torque maintains the stresses well inside the elastic range - well below the point where they deform or stretch permanently.
My advice is to use them as is. If they take their design torque they will likely be just fine. The only exception would be bolts that have started to fail in fatigue. But there is no way to test for that in a home shop. For mission critical applications, go get new bolts.
Half the bolts I own are grade 8 (12.9) cap screws of various types along with a substantial amount of grade 5 and some grade 8 bolts.
Unfortunately I'll still be buying bolts at hardware store prices for some applications.