retap it a size or 2 bigger a put a bigger bolt in it thats what i would do. its going to be alot cheaper fix. go to a good hardware store (talk to the old guy) and he will know what you are trying to do and get you what you need. [up][up]
I just put a bid on one thats on ebay right now...
I'm not to comfortable re-tapping the whole because then I have to re-tap everything else as well.....That and I can't afford to have my bike down right now...I don't know....damn thing....