Fazerruss
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Consider this, machine the top to half the diameter then make a new piece to match the old top that is no longer there and then screw on.
Similar in principle to a big end on a conrod
+1
Or if there isn't enough meat to tap a thread you could take the lot off below the hole and make a new one completely effectively the shape of a pilot bearing but with a plate on the side to bolt through the side of the main casting.