Re: How is this ok?
I can understand your concern. If you want a half inch bolt, then that's what you want.
My impression is that the manufacturer of the Spax bolt is claiming equal or superior performance to the one you wanted, along with avoiding the need to pre drill a hole. It is hard to determine whether that these claims have been proven by an engineer, or are just designed to make a sale. In America's litigious society, the latter would seem to be a risky path to take.
Tact is the ability to tell someone to go to hell and have them look forward to the journey.
Winston Churchill.