I'd say yes, that is the correct torque.
I am currently establishing torque ranges and standard assembly values for our shop here at work, and looking at an 8mm bolt, which is in essence equivalent to a 5/16 size for torque, a 5/16 grade 5 bolted connection is spec'd @ between 157 to 209 in/lb, depending on the K factor (lubed bolt vs dry steel, with plated in @ 188 in/lb.)
this equates back to 13 ft/lb or 156 in/lbs
personally I think trying to apply a specific torque on these nuts is pretty ridiculous, I suggest using the "turn of the wrench" manner on them, tighten till snug, and apply about 60 degrees more rotation.... that is all they need.
some people tend to do more damage trying to achieve a set torque, that is a bit erroneous....
kinda like the torque Kawasaki spec'd for tightening the oil filter....