Okay some of you may have already used these but this is a first time for me. I strip the exhaust stud hole in the head on my K4. I really dislike helicoils. I found this company called Time Sert.
http://www.timesert.com/ I did a little research and then called them and bought a kit that comes with the appropriate tools and the thread inserts. The kit is a little pricey but is reusable for many years, the only thing you need are the inserts. The down side is the kit is only good for one size of thread. These are permanent, I did all 8 hole with no power tools in about an hour. Two good tapping wrenches would be worth investing in as well.
These are dead simple to put in and for the 8 exhaust stud holes they were all done with the motor in the bike. The two tough ones are on cylinders 2 & 3 the holes nearest the inside of the frame. I had to use a small wrench once I started to tap the hole.
Now that I have used these a couple of tool kits for different sizes and extra inserts will be in the tool box.