Fix option
I had a similar problem with one of my motor mounts bolts too. Someone had gone in and put a nut on the backside as a fix but pulling on the backside of the bolt at the nut caused some chaffing. I removed everything and used "JB Weld" which is a super high-strength apoxy that filled the old hole in very nicely. In fact I built the hole back up with plenty re-enforcment inside and out and re-attached using the same bolt through the hole without a nut. The site lists the product this way:"Like metal, J-B WELD can be formed, drilled, ground, tapped, machined, filled, sanded, and painted. It stays pliable for about 30 minutes after mixing, sets in 4-6 hours, and cures fully in 15-24 hours. It's water-proof; petroleum-, chemical-, and acid-resistent; resists shock, vibration, and extreme temperature fluctuations, and withstands temperatures up to 500° F. J-B WELD is super strong, non-toxic, and safe to use. "When hardened this stuff is steel and it bonded very well to both the fiberglass and the aluminum bolt hole.