How many mowers are we talking about? I got by with three Exmarks changing the blades with a socket and ½ inch breaker bar for years until I needed an air compressor for something of which now I cannot recall. Then I bought an air gun and been happy with that since. If you have a compressor and haven't bought an air gun yet, make sure you check out the stats on your compressor and make sure it can run the air gun sufficiently at the gun's recommended psi. The SCFM is the number that needs to be powerful enough to run the gun. If you do get a gun, make sure to oil the gun as the manufacturer recommends. They last longer that way.
Other than that, I'm fairly certain you wouldn't need too much torque on those bolts holding the blades to the spindles.
I have seen lots of guys using the cordless impacts now. I would think any of the "impact" drivers would be able to handle that project.
Don't be too concerned about them falling off if not tight enough. I have had a couple do that, after finding out the mech got distracted when putting the blades on, they just fall straight down and never had one hit another blade. Your mileage may vary though.
Whatever you decide, make sure to have some kind of system to make sure the blades are balanced every now and then. If they get too far off-balance, they will hasten the wearing out of your spindles.