Stripped flywheel bolt

[Ross F-1]

Doing some clutch/trans work, had the flywheel off. Putting it back on one of the bolts went soft at 45 ft-lbs. It was sketchy last time, guess this was the last straw. (it's not the bolt threads). I used a different bolt and can get 30 ft-lbs but I'm kind of reluctant to count on it, even with Loctite 271. With the pegs locating the FW, and the spigot on the crank, I could probably let it go, but I'm thinking a helicoil is the right way, and will never be easier.

Anyone had to do it before? Anything to watch out for? It looks like the next size up (just drilling and re-tapping, no helicoil) would be a metric 12mm, likely less material removal than using a helicoil.

BTW, is the sheet metal locking plate supposed to be bent up against the bolt heads? I have yet to find one that was.

Opinions, please!