Lets see if this helps:
The tractor engine's rpm ought to slow down and then speed up as the plunger drives home a bale flake in the bale chamber and pulls out. It does so because the shearing force of cutting and forming the flake takes power AND the push through force for the other flakes packed into the forming bale PLUS the formed bales in the back of the bale chamber takes power. This power is provided by the tractor driveline and the kinetic energy in the flywheel. I can't remember what the power ratio is but lets say 50% from each. If the rpm change is large (due to insufficient tractor power, large shearing force at the knives (wet hay), or too much resistance (restrictors too tight, too many bales in the following stream, etc.) Then a shock (technically called a 'jerk') occurs and the shear bolt will shear.
Now on my 14T, a wet hay plug will cause a shear bolt to fracture, but because of the (poor IMHO drive-line design), the flywheel potential energy will be disconnected but the drive-line will still be fully engaged until the slip clutch feels the jerk, too.
Also, on my 14T the shear bolts can be loose in the holes even though the nuts are tight because of the side slop. The a shear bolt may break even though no jerk occurs. The only way I can find this out is by paying careful attention to the rpm changes during bale formation (much higher than normal because now the tractor must provide 100% of the plunger force), and/or when stopping, the auger and plunger immediately stop while the flywheel keeps on turning for a few minutes. I have found that only official JD baler shear bolts with the fat shoulders and skinny thread areas work as required. Other brands don't work so good, and regular TSC bolts don't work well at all.
I believe that on NH balers the shear bolts disconnect the entire drive-line, not just the flywheel, but putting it all back together is a problem because you have to realign all the shafts and install a bolt before you can back out the plunger to remove the plug. (Correct me if I'm wrong).
No comment on the loose slip clutch procedure, I've heard that, too, but my JD baler 'teacher' (RIP Don Lauer), said no. As the clutch wears, your bale length will change and that causes problems will my NH stack wagon.