Re: Helicoil head bolts... do the holes enter the cylinders?
My area is not L-Drives but the powerheads are very similar so: On my Force blocks, none of the head bolt holes enter either the exhaust cavity or the water jacket. If they do, there is nothing you could harm by inserting Heli-coils unless you get ham-handed and drill WAY too deep.
Now, personally, I'm not a big fan of Heli-coils. If it were my block, I would do the following: If the holes are stripped. then just re-tap from 5/16-16 inch to 3/8-18 inch and use the larger bolts in these holes. You will also need to enlarge the holes in the head to clear the 3/8 bolts. Doing this, you need not take off the head--just tap through the new clearance hole in the head--but of course, be careful not to drill past the head gasket because this is where you will be re-tapping and you want all the aluminum there.
Just by way of explanation, if you strip a 5/16 bolt, the hole is by definition 5/16 inch. Standard diameter for hand tapping a 3/8-18 hole is 5/16. 3/8 X18 bolt has 18 threads per inch which means that the threads are less than 1/16 inch high on each side. (because threads are cut in the profile of an equilateral triangle--all sides are equal) So, while you will not get full depth threads in the stripped hole, you will get ABOUT 75% thread depth. This will yeild somewhere around 80-90% thread strength, and the tapped hole will be smaller than the one for the Heli-coils.
When tapping the block, use plenty of cutting oil, or at least a good oil and turn the tap in 1/2 turn at a time then back out and go another 1/2 turn further. Do this until the hole is fully tapped. It takes longer, but you get a better thread and reduce the chance of galling and breaking the tap or dicking up the new threads.
No matter what you decide to do, in all probability you will be able to re-use the head gasket. Because I am tighter than a crab's butt hole --and that's water tight--, on my own engines I regularly re-use head gaskets even though it is recommended to replace them after they have been torqued. ---Of course, when I rebuild for someone else, I always buy a new one so I can say the engine was restored to like new factory condition.
BUY A TORQUE WRENCH and use it--you will rarely strip a bolt. Torque on head bolts is 225 inch pounds. torque in three steps using a spiral pattern from the center bolts to the outer. This keeps you from warping the head.