The trouble is cost. If don't count cost, drill a bigger hole on iron to take those screw off. Fill the hole by TIG, machining the weld into shape, recreate the hole and screw threads on the iron. Reapply fire blue on it, it will look brand new.
But what's the cost of doing this way.. the result value definitely won't cover that cost. So, no. If this damaged screw was just not pretty, I would say just leave it alone.
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