A couple of things:
1. I'm certainly not suggesting that having the bracket secured with only one stud would be OK. Clearly the bracket needs to be fully secured ... especially if you're using a heavier duty after-market sway bar such as Hotchkiss or Eibach. I was simply interested in knowing if both studs were stripped. In your case, having only one of the studs stripped could be a deciding factor in terms of whether or not it would be OK to proceed with tapping the stud and reducing it to M8. I would have to defer to others with greater expertise in terms of whether this option would be viable. Incidentally, are you running the stock sway bar up front or an after-market one?
2. I can't recall how the stud is actually mounted ... and my car is in storage and under cover for the winter so I can't check it out easily. However, I would think the option of drilling out the stud and replacing it with a bolt and nut would work provided you can feed the bolt in from the backside. I can't recall the configuration so I don't know if it would be possible ... but I think it would be worth checking out. Perhaps some other folks will weigh in with their ideas. Sorry I can't be of more help.
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