First, buy the tap for the stock size thread. See if you can clean it up and make use of it.
If not you can drill it for a helicoil if you don't need a lot of torque on it. And then lather the bolt up with silicone to prevent a vacuum leak. Let the silicone dry before you fire.
Otherwise drill and tap bigger, be careful if you're drilling into a head. Don't go too deep or too big or you'll make yourself another manifold vacuum port, or a sweet exhaust leak, or an even sweeter coolant jet.
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I <3 forced induction.
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