Sorry Nelson but pitfalls are a rarity in this one.
There are potential pitfalls to every job, but telling the guy he needs all new hardware before he even starts the job is simply wrong. If there are no problems with the studs or nuts, leave them alone. There are plenty of Toyota's out there that are 25+ years old running that same 25 year old hardware with no issue. Even after having several diff jobs done in that time.
I've also found that torque wrenches can sometimes cause more trouble than they save. Especially on small stuff like this. When was the last time your torque wrench was calibrated? (had mine done 4 mos. ago) Are you using a quality torque wrench? I'm using a Snap-On torque wrench and still don't completely trust it to torque small stuff.
When you're talking anything under 50lbs or so of torque, there's a lot that can go wrong if that torque wrench isn't reading correctly. There are a lot of components that should be torqued but for me this ain't one of them. The proof is in the pudding… The only people that have chimed in here with a bad experience replacing a diff are the one's that tried to torque them.
And… Since you are educated enough to "call me out" directly, I'll assume that you know that ANY contaminates such as oil, dirt, lock tight can change torque readings quite dramatically.
There is a time and place for torque specs, but IMO a good portion of them are to keep some gorilla from putting a 3ft breaker bar on a 8mm bolt.
I say tighten the bolts in a "star pattern" till you get that warm fuzzy feeling with nothing bigger than a 3/8 ratchet and you'll be fine. Go around the diff a couple of times as it very well may "suck in" after you tighten the first few bolts and they will be loose again by the time you get back to them. Tighten the axle nuts a couple times as well as they usually suck in too.
This is an easy job