If I were installing the bolt in version, I would;
Cut a piece of 3/8 in or 5/16 steel or aluminum the width of the hole in tank x the diameter of the bolt flange, drill and tap to 3/8 NFor bigger. Now make a top piece same width or wider, dont need to round ends, but put thru hole in the middle for bolt.
Slip in rounded tapped piece, inside tank (you may need to hold it with a piece of tape or string) then put top piece on, insert bolt and tighten.. then slack off bolt and turn and repeat. It should? flatten the top area where the flange sits. do it gently..