By the engineering mistake I meant a mistake not having a design with the bolt threaded into cast iron, I did find threaded insert that would probably work but likely have to drill larger hole than the 21/64 needed for the helicoil which of course had already been drilled and threaded by the factory

I just made sure no helioil left in hole with the help of trusty modern gadget called a cell phone camera

and cleaned up the thread with tool for helioil meant to thread it put the red loctite on helicoil and threaded it in with the special tool let it cure about 30 minutes after threading stud in to make sure everything grabbing good and clean. Then put the red loctite on the stud put it in appropriate depth making sure the outer timing cover would fit on. and let that sit overnight.
I used a 8mm x 1.25 threaded stud (the same as original tensioner bolt ) that I am pretty sure was 65mm long or about 5mm longer than head on the original bolt and it just touches the outer timing cover at the depth i inserted it . Maybe that will keep it from just falling out!
It worked, at least so far. Stud, nuts and lock washer total about $9 here at local supply place immediately available. I bought 2 nuts to use to screw it in tight against each other with lock washer in between. Could probably use the stud or a new tensioner bolt to clean up the thread and that would be the total cost plus helicoi but you wouldn't need the helicoil kit.
Now I wonder why if the factory was going to put helicoil in why they didn't use a stud also. ? maybe because they didn't want to be liable after 100k miles if it came out?
Either way glad its done and working.