Sky,
The hinge plus bolts configuration is how my arch was hinged. The bolts go through the fiberglass of your flybridge and through the base of the arch, with aluminum plates strengthening both. Thereby, the arch is held by both the bolts and the hinges, not just the hinge pins. It takes a little more doing to lower it and access plugs to get at the bolts (as shown in Plan B2's picture), but imagine the forces put on that area when the boat is banging around in heavy seas.
One other consideration is that the arch is rather heavy and you'll need to be able to handle it without letting it crush anything. I had a simple sling and cable pulley system so I could use my dinghy davit cable and winch to hold the arch upright while I put in the bolts, or in any position while I put in the support frame to hold it in the down position. I didn't use the davit cable to actually raise and lower it (although it would), just to hold it in the up position while I installed the 2 bolts on each end. I could do it by myself that way. Otherwise, you need somebody to hold it up while to loosen or tighten the bolts or install the hinge pins. A simple wood brace post might work well too, designed to hold it in the up position when the bolts are removed. For instance, when you are going from Chicago into the Illinois River, you need the arch up for strength due to possible big wave action from Chicago to the Cal Sag entrance, but then you need it down for the river, with no good place to stop and tie up. So Kathy would pilot the boat while I put the arch down by myself after entering the breakwater.
Doug