Again, Rivnuts are much stronger than what you are advising him to use, which is a simple rivet, which I can guarantee will not last nearly as long. I have used Rivnuts on commercial vessels(passenger carrying) for over 15 years. The lanocote is good but not for longevity, we have put it on fasteners and pulled them off a week later to find that it is has washed off, a great product that breaks the fasteners free from the Rivnut and makes a watertight seal on the threads and LASTS is Rectorseal 5 on the threads. Yes some poorly installed rivnuts can spin after awhile, but that is in terms of years, rivets just don't last as long, I can attest, but the rivenut shoulder just needs to be drilled off, without changing the hole size and you can reinsert another Rivnut. It's all about proper installation. I do think that a machine bolt and nut work best if you have that accessibility though. Thanks for the differing of opinions though, it makes for great conversation.
i will guarantee anyone who has had 15 years of experience (or even a few months) with rivet nuts or rivnut as the originals were called, has had many problems with them and knows they have no place on a small pleasure boat.... the automobile and truck industry has been using them for years, so its easy to ask any body shop who has had years of experience with them about their track record (or you can just ask me)

.... (properly installed ones are subject to the same failures where corrosion is a factor) and no one seems to like them and everyone knows their inherent flaws, but in some cases its the cheapest option of making the attachment.
I will concede that its not usually the strength or holding part that is the problem, but the high probability of failure in the corrosive environment and the degree of damage that will be caused when the fasteners need to be removed and the rivnut spins.... then repairs are needed and if you cant get the backside to hold the rivnut, it has to manually be ripped out and repaired correctly... and if you can hold the nut, the hole is always stripped to big for any repair other than (1) drilling the hole out and inserting the next size up for a larger fastener, or (2) welding the hole shut and making the repair correctly, or with another rivnut....
they have their uses but it should never be used where a failure of it is going to cause undue expense to repair it.... when something so simple can be used in its place... they're failure rate is too high especially where corrosion is could be an issue....
as for the washing out of the lanocote on threads of a
properly seated fastener, above the waterline.... it will take a couple of years before it dries out enough to even become less effective..... but that doesn't mean its the absolute best thing to use, but every small boat sailor should have a container of it, or something very similar, for its many uses.... and know when and where to use it. its handy stuff.
and properly installed poprivits will last many, many years, (as will the rivnuts).... but the pop rivits can very easily removed and replaced when you have a doubt about their structural integrity. even when corroded, loose and jiggly, or snug and tight.....
i meant no disrespect to you when I replied as I did, but the rivnuts just aren't a good idea on open aired boats.... almost all of the commonly available fastners are steel and not aluminum, but in the application you stated as in bolting benches down inside, i can see the practical application of them.... and they should work well, until you need to remove the bolt and the threads are jammed.....