I think you could live without that bolt completely if you sealed the cover with a decent engine sealant on both sides of the gasket. Somelike like Dow Corning grey. (Which is what BMW use on all their gasketless cases. Definitely worth a try. JB weld doesn't belong in this job. You could even forfit the paper gasket entirely if that doesn't work and just use a sealant. As It would reduce the gap even more. Again, worth a try.
Welding is obviously the best option. It's not the easiest weld though.
It would need to be ground all the way out. Then filled from the inside out. Then drilled and re-tapped.
For that job to be done the case would need to be squeeky clean. And you would need a skilled TIG welder. And then a steady handed engineer to recut the thread.
Another option (and perhaps the best) is to install a threaded M6 aluminium stud into the broken thread and secure the stud with a tack weld. Then you could just put a nut on the stud from the outside. This could even be aligned with the case itself.
You would have to carefully file out the broken thread until you can slot the new stud into place. It's a very easy weld.
The stud would probably hold in place just with JB weld (on the thread of the stud and used to build up the case around it). As long as you're very careful with tightening up. It would only require the lightest of torque to make the case seal. So you would use a Nylock nut in this case.
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Did some trips.
Rode some bikes.
Fix them for a living.
Can't say anymore.
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