Comments on shackles: I have anchored thousands of times/nights--boats form 15 feet on up to 62 feet over the years--and never had a shackle fail.
Go up one size from the chain. Try and find HT shackles--if not get the best grade you can. Avoid Chinese and SS shackles--I have seen these fail.
Do not use cast (many Chinese are) shackles.
If you look at the 1/4" Cosby (or any other good high quality
Forged shackle you will see that is a working load of 1/2 ton. That is 1000 lbs. With 1/4" chain, you can go to 5/16" Cosby
forged with a working load of 3/4 ton--or 1500 lbs. The yield load is going to be 5x or more for a forged shackle. This means that it will be 7500 lbs! No way you are going to even up over 1500 lbs on that C Dory anchor--less in a hurricane--and then the boat better be out of the water and 50 miles inland!
Take it one step further, and see what your anchor will hold. Actually there are not many good tests on the size anchors we use. I have done some tests on the Manson Supreme, and Delta in the 22 to 25 lb size, along with Fortress at 7 and 37 lb size, Danforths at various sizes. Basically the full power of 115 hp would not pull out the Mansom supreme or the Fortress 37. The Fortress 7 was a bit less consistent--but several times held at full power. Getting back to boats. The actual wind load does not get to close to 1000 lbs until you are at 40 plus knots in the C Dory 22.
Another important issue is managing shock loads. The best way is a snubber--I don't do this at Lake Powell, (unless in a storm), but you use a l15 to 20 foot length of 3 strand line, and put it on the main rode with a rolling hitch. It is important to use a snubber for chain. The normal 3 strand or even plait/braid works OK for a snubber on our small boats.
If you really want to get into this, look at this excellent article done by my friend Don Dobbs:
http://northpacificresearch.com/downloads/anchor_load_revealed.pdf
Bottom line, buy the forged 5/16" American brand (HT if possible) and don't worry in the C Dory. If you have a 50 footer with 70 lb Ronca and 3/8 HT chain--different story, for another day!