I had this issue with my 740T.
I had to tap slightly larger threads (carefully with the head on and with heavy grease to catch the shavings AND blowing out the cylinder with compressed air) and then used an insert kit from Napa. I put another 3 sets of plugs through it.
The insert has a few parts and a few steps. It uses both thread-locker and an expanding portion to lock the insert from turning and coming out with a spark plug.
The kit was worth every dollar! Cost between 10 and 50 dollars and you could buy additional inserts. I think I still have it somewhere. You can buy individual inserts.
Very similar to this, if not identical: http://www.napaonline.com/napa/en/p/SER2125/SER2125
The trickiest part for me was properly drilling a countersink.
Good luck!
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