One important thing to remember, is with either a Heli Coil or a Timesert, the holes have to be drilled precisely. The precise size, and at right angles to the mating surface. They also have to be tapped the same way.
You won't accomplish either with a hand drill. You'll get the angle wrong, as well as the size. Also the hole will most likely be bell mouthed. And you won't be able to control the depth properly either.
A properly drilled hole for a Heli Coil will provide a strong, long lasting repair. Most every Heli Coil repair that I have seen fail, can be traced back to an improperly drilled hole.
And forget J.B. Weld, along with all the other Mickey Mouse type of "quick and dirty" repairs. They either won't work, or won't last. Or else all of the above.