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peterowensbabs said..
Because even 'stainless' helicoil inserts are not true 316 they will fail they are not intended for longterm use (but do get used that way).
Depends on your supplier. I'm an engineer that makes stuff that goes into a marine environment, and trust me when I say that you can (and we do!) get Helicoils in AISI 316. Or Bronze. Or Titanium. Or Nitronic 60 if you're worried about your stainless steel bolt seizing up against the insert.
But that's beside the real point: with a soft base material like plastic, if you're going with an insert solution, you'll want an insert that's got significantly more external thread area than internal. Helicoil gets you partway there, but is somewhat limited. In this application, my preferred option would be a solid-body type insert like Keenserts (Howmet) or Triserts (Tappex).
At the end of the day, thread-pullouts seem rare, and could be pretty easily avoided with either one size larger screw from the start, or, ideally, using four screws per footstrap to stop rotation so they don't need to be overtightened so much!