I'm helping a friend with an old tractor, '56 oliver super 55. One of the timing cover bolts broke off and he drilled it out of the block. we're thinking a helicoil might work but neither of us have any experience with them. it's cast iron and we have about 5/8 - 3/4 of an inch in depth to work with. the original bolt was 1/4" or 5/16. can anyone tell me if this would be a good place for a helicoil?