I have used many helicoils in the past, the last one being on the exhaust studs joining header to pipe, they work very well and are easy to do.
Having never done a sump thread, I think I would risk doing this with the sump installed. If careful while drilling and tapping, very little swarf will end up in the sump. You could then strain your old oil back through the motor a couple of times (with the plug out) to ensure any swarf there does get flushed out.
Doing it this way, the helicoil would be better screwed onto the plug, rather than the sump thread, then the plug screwed home. Otherwise the helicoil may screw itself through into the sump as the plug is fitted.
I will now sit back and wait to be shot down in flames.
2002 D2 4.6L V8 Auto SLS+2" ACE CDL Truetrac(F) Nanocom(V8 only)
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