All the banana connectors I've come across on audio gear are the same as the one on most power supplies. If it is actually a different diameter, be prepared to not be able to use normal banana test leads with it.
The alloy should not effect anything, Infact I would be concerned by the fact non magnetic alloy is a selling point, I hope there aren't too many of these made out of steel, I would expect most of these to be made out of something like phosphor bronze,
The only real difference is some dont have the side holes for looping wire through the terminals, but that comes down to your requirements.