If you can get access to the hole where the stripped threads are, easily with a drill, then a heli-coil repair is probably your best bet. If installed properly, it should work fine. I wouldn't, IMHO, recommend going with just drilling and tapping it for a larger bolt, since you may also have to increase the size of the bolt hole in the caliper to accommodate the larger bolt. Heli-coil thread inserts are usually stronger than the original threads it replaces. I have used them for years, on all types of repairs, and have never had one fail on me.Heli-Coils seem to usually work best in a hole with a bottom but can work on a through hole application but the tang would have to be broken off the bottom of the coil or you can get "Tangless" Heli-Coils and use a tread locking compound in the exterior treads on the Heli -Coil and allowed to dry before assembly, if it were me I would most likely drill and tap it to the next bolt size up if possible.
^^
Did you try to repair the threads with a thread chaser? Is this the caliper bracket or the slide pin?
Heli coil, try to use a good kit that includes everything, coils, drill, thread cutter or if you can get a cheap price for a used caliper from scrap yard it may save you time.
looks to me you can still drive it with the stripped bolt only if you need to go somewhere to get parts. those pins are only used to guide the caliper in and out when you brake. it does not need to be too tight to work.Do you know what kit that would specifically? I searched on Amazon and only found a kit for spark plugs which looks like it has some cutton tool as part of it.
When I searched YouTube it seemed like what I really want is a kit that required me to drill things out specifically with a twist drill.
As for replacing the caliper ... there is a piston in it with a brake line, that feels like it might complicate things? Would I need to replace that as well then bleed the brakes?