Yes, that is what I did. Size depends on weight of TV. I also used a washer between the screw head and the wall bracket to give it more support. Place the bolt/washer through the mounting hole in the bracket, then thread the toggle onto the bolt. That way you can use as large a bolt as will fit through the bracket.
Nicely built, liked the built in Level, even my daughter commented on how nice that was during installation. One negative is that I could only put 1 bolt into a stud since the entire bracket length is less that 24", this is 18" ish so I had to use a different means to anchor it to the drywall safely.
Although I used different bolts because I thought the ones that came with it were overkill, the mount is everything it’s supposed to be. slim, easy to install, and strong enough to support a 43” Sony which I used it for. Why pay twice as much for another brand?
It’s an excellent mount, but know what you’re getting: it will hand the tv *very* close to the wall. It worked well for me because the tv has space on the upper half for wires and such; without that, you’d have to cut into the wall (it’s that tight). Second, it’s not super long, so if your studs are 16” apart, you do have to get a little lucky if you have a wider bolt pattern.
Great for the price but very limited for wooden frame walls
This is certainly worth the money, $8 doesn't buy much except at Monoprice.
It is of very limited use for wooden walls because of the width. It is only just wider than the vesa mount width on the display. It is also only just wider than the standard stud interval (16" or so). This means you have to center the screen on the wall studs, you can't slide it from side to side along the bracket to center it on the room.
The wall studs gaps were not centered in the room I was installing the TV in so I can't center the TV on the room and it looks off.
CONS: Limited width means screen is hard to center on room.