I have used a product 2 times on 2 different bikes for a similar repair to what you describe. It is made by lock tite and is called thread repair and is an epoxy. I currently have it for the same situation you describe. The heli coil is a better repair and I would recommend using studs whenever possible instead of capscrews for frequently used places. But this stuff can be handy on the trail if you have time for it to cure. JK
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