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The "softness" of the wire is determined by amount of the antifouling alloys. In this case nichol. IMHO (without looking it up) the tensil strength of the wire should not be appreciably different. Atleast from a plug building stand point.
If your tail wraps are good and your tail loop is not excessive in size, you should be good with 304 or 308 stainless wire.
I have had reports where the fish have cracked the plug inhalf and straightene the siwash hook (5/0 VMC) but the through wire was still in fine shape (304L).
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