I just finished installing 14mm studs on an engine. The job is not too hard to do, but it is definitely easier to do out of frame rather than in frame. If you are going to pull the engine to install the studs, I would go ahead and install the 14mm main studs as well, just since it is out.
The 14mm head studs are definitely beafier than the 12mm studs. Tapping the holes in the block was not too difficult to do, but I did have to run the tap in the holes a couple of times to clear chips out of the bottom of the hole. I also used both a bottoming tap and a plug tap to get the threads to form correctly all the way to the bottom of the hole. I got an indexing fixture from BHJ to do the tapping, It consisted of a plate with drill bushings in the proper locations to help align the drill and the tap to keep them vertical. The indexing fixture, locating dowels, new larger dowel rings and counterbore for installing them, along with the taps, drills and reamer, etc. all cost in the neighborhood of $1400 to do the job. Not cheap, but makes it easy to do it right, and am planning on doing more than one engine.
Once the block was re-threaded and the studs installed. The head stud holes in the head were reamed out to 9/16: to clear the new studs properly. Not a big deal to do. I also counterbored the dowel ring holes in the head so it would slip over the new larger dowel rings. I had to modify the head gasket at the dowel ring holes a little by opening up the holes that fit over teh dowel ring. Otherwise, the gasket dropped right down over the new studs and into position. The firerings installed just as they do with the 12mm studs.
So far everything has gone well and I will set the head back on, torque it all down tomorrow, and get the engine back in the truck.