Thanks for the comments guys. I bought myself a tool and some stainless steel rivnuts at the Practical Classics show yesterday. I'll have a practice on some scrap and see how I get on before using them in anger.
That's a very good approach!
It's critical to use the right size drill-bit for the application, and NO WALLOWING out the hole; I especially like it when I have to use some force to get the nutserts into the hole (my preference over the rivet-nut variety).
When possible, try to find inserts that are knurled around the top; these will bite into the panel much better, resisting any tendency to
spin out.
And lastly, you may have to play with how much pressure you use when setting the insert; too little and it will spin right out, and too much can damage the internal threads of the insert from the much harder mandrel acting against it. If you have a
squeeze-type tool, unless you have really big hands (in that case, you have my sympathy when trying to work on sportscars!) it's hard to crack the insert started, and get it set all in one pull. My method is to adjust the insert in the tool so that I don't have to spread my hand very far; 1st pull cracks the insert's deformation phase, and then I keep turning the mandrel into the insert and giving a little more squeeze,
walking it home.
Doing it this way, I also am aware of the first sign of the mandrel getting too tight in the threads, and know when it's done. Even so, I sometimes have to use a pair of pliers on the end of the mandrel (the mandrel's
holder, to be precise) to loosen it enough to remove the tool by hand.