A bolt when tightened similarly causes a loss in area and diameter. In a clearance hole this is not a problem. With a fitted bolt however, the positive contact or 'fit' between the accurately machined bolt and reamed hole would be affected.
Shaft coupling bolts are tightened to force the faces of the flange together so the friction between the faces will provide some proportion of the drive. However, fitted bolt shanks are also designed to take a proportion of the drive. A clearance bolt could provide the first requirement but not the second. A fitted bolt when tightened and subject to reduction in cross section would also fail on the second count and probably be damaged by fretting. A tapered bolt may be used instead of a conventional coupling bolt to obtain a good fit and required tightening.
Taper fit bolt

Parallel shank fitted bolts
have Interference fit in holes so that in the event of loss of frictional grip between flanges then each bolt will take on equal share of the shear stress due to torque transmission. Parallel bolts become slack after one or two refits. Therefore taper shank bolts have been used. An alternative is the sleeved coupling bolts.The fit of the bolt is achieved by the tensioning of the taper shank bolt. Should wear occur in the sleeve then this can be renewed, reusing the rest of the assembly.
Hydraulically fitted bolts.

Hydraulic head and loading rod now removed and a protective cap and seal screwed back on