Ideally you would use stainless steel outdoors but I used zinc plate - you can't see it under the deck - it will rust and eventually rot but I won't be around to see it :roll:
Not sure about the green phosphate coating but I googled it quickly last night and it seems to do a good job at resisting rust. Your call really - it takes a long time for a steel bolt to rust through (unless you live on the coast of course!).
My handrails are screwed from underneath on the skew through the side of the spindle, but all my timber is rough sawn and the heads of the screws disappear among the 'whiskers' :wink: I used rough sawn timber because it's more in keeping with the rough old area - very agricultural, rustic and wild :lol: Nice clean lines just don't look right here - and it makes my job a whole lot easier!
If you're using planed timber you could use the same method to fix the handrail but lift a sliver of wood with a chisel first, drill the hole under it, pop your screw in and glue the flap of timber back down over it - if that makes sense? Saw it on a Youtube vid once but damned if I can find it again - not even sure what search words to use :? You just need to make sure you don't remove the flap - just lift it - like a trapdoor, still attached at one end, that way it blends back nicely. A lot easier than plugging a slanting hole!
I also fixed the ends of the handrails to the uprights with stretcher plates - again, rough and ready, but it works!
Cheers mate, Paul