John,
You didn't mention – here at least – the material you were tapping, which would affect the answer to your question. Both stainless steel and titanium alloys are notorious for workhardening, other metals mostly less so.
Another though – have you seen the Helicoil system for replacing drilled-out tapped holes. Never used it myself but I have seen people say very good things about it.
David
Edited By David Littlewood on 29/02/2012 15:05:02