Well I tried cutting a notch into an M8 bolt and driving it into the hole to clean up the threads, but to no avail. Funny how these threads got so boogered with about 1/8 of a turn the first time I tried putting the bolt back in. Oh well, should've just taken it off and re-installed.
Looks like i'm stuck boring it out and tapping it with an M10.. Maybe I can bore it out with a bit and attempt to drive an 8mm helicoil in, but i'm afraid i'm gonna have to go bigger. I think for the riding I'm doing at this point (90% track), missing that one bolt isn't gonna hurt me too bad. Got other bolts loc-tited and cranked tight, and hose clamps on tight.
I'll get around to re-tapping it someday...