I haven't messed with my 1.4L enough to know where the location is on the head that you're mentioning, but it should be repairable. Do a google search for helicoil. With it, you basically drill out the existing threads and thread the helicoil in. So you should not have to replace your head. The questionable part is whether or not the head will need to be removed to gain access to do the work on it.
What's the torque spec for this bolt? Might even be able to fill the hole with an epoxy or something and then tap it with the right threads. So in summary, I think you have some options.
Keep us posted.
What's the torque spec for this bolt? Might even be able to fill the hole with an epoxy or something and then tap it with the right threads. So in summary, I think you have some options.
Keep us posted.