glad to hear it. hope it stays that way

remove the dist. make note where its pointing. then the housing, then use a hela-coil.
you can get them at any auto parts store

I went ahead and tried the Heli-coil insert and it failed sort of. The Heli-coil pulled loose. Oil  slowly drizzled down over the transmission. The problem as it turns out is that the Heli-coils are designed for steel. Alluminum doesn't hold them very well. Hind site being 20-20, a better sollution would be a Key-sert threaded insert. It screws into a regular tapped hole but has 3 or 4 prongs that you tap into place that locks it into the alluminum. + no prong to get in the way.  Kind of expensive per insert at about $6.00 each but no special tools.

I reworked the holes and tried the heli-coils again with some thread-lock and if it still leaks, I will take some 6mm threaded studs and some permanent locktite in the holes. Or anything that will lock the studs into the holes. Then when it sets up, I 'll just put the housing over the studs and use nuts instead. I think that will hold but may require sliding the engine forward to get the housing over the studs.

-Adam

I went ahead and tried the Heli-coil insert and it failed sort of. The Heli-coil pulled loose. Oil  slowly drizzled down over the transmission. The problem as it turns out is that the Heli-coils are designed for steel. Alluminum doesn't hold them very well.
-Adam

No we use Heli-coils all the time in aluminium. Its a military requirement that threads in ally have them. You should use a locking compound, although I've used them many times in bike engines without ever having a problem. I'm pretty sure the stuff we usually use at work is specially designed for Heli-coils, I'd have to ask one of the Mech Eng guys. All I know is its yellow 
Are you sure that the hole is clear and there isn't any debris causing the screw to bottom out?

It's clear. I knocked the tabs off too. I'm not too worried about it, like I said, if this doesn't hold, I'm putting in a couple fresh helicoils and some 6mm all-thread. Locktite red shoud lock it in and then I'll just use some nuts on the outside. I'm sure I'll have to slide the engine forward to get the housing over the studs if I go that route but that's pretty easy to do.

-Adam