As you probably know, there are several different grades of stainless steel. And then there is the crap made in China being passed off as stainless!
316 is not the highest grade but the best compromise. Yes, hospital grade SHOULD be the best, but as 4Bee says, you probably wont find it at Bunnings.
Without being picky: unless you are pumping water into your pool from the ocean, the water in the pool is not salt. The salt added to a "salt water pool" is used by the chlorinator to produce chlorine to sanitise the water and does not make the water "salt".
Different Grades Of Stainless Steel
Stainless Steel Grades Explained - Suncor

