Helicoils are supplied in 1x D, 1.5D and 2D lengths so a 20mm helicoil is about twice the nominal thread diameter of 11.1mm (7/16 UNC) . This is normally quite enough for threads in alloy, as a bolt under high tension deforms enough to only load the upper end of the threaded hole anyway. A helicoil will distort under load to share the load more evenly and also doesn't turn during installation. And it is a bigger OD too. So it should be OK so long as the head stud engages it fully. TTY bolts need the extra thread length because of all the extra shearing that goes on during tightening.
For the cost of an insert ($2) I would have just put two in the same hole, possibly two 1.5D types, if only because I could. Not really necessary.

