Helicoils have been around since dinosaurs roamed the earth. There is another that I used on a motorcycle with a bad oil drain hole. It’s called a time-sert or keen-sert. It’s an insert threats threaded on the outside and inside. You thread the bad hole for the insert and it has the proper thread on the inside. Red thread lock it in place and you’ll be fine. I’ve had it on my motorbike for 15 or 16 years with zero issues.