Don't know about JB Weld but I have done similar mixed material threads with Devcon metal loaded filler whch worked out OK. But this was basically filling in a Dutch keyway so the original thread was mostly complete and could be used as a guide. Devcon is significantly harder than JB weld and takes threads pretty well itself. My impression is that a thread in the steel filled version is about as strong as one in aluminium.
Keeping the tap straight will not be easy. If there is any significant offset the tap will want to run into the softer JB weld. Serial taps driven under power in the mill is probably the best that can be done i a home workshop. But care an patience with hand taps should get the job done. Preferably with a guide.
As Hopper says the amount of JB weld left should be pretty minimal. Most likely just short bits of male thread and similar part filled female bits. Its likely that these will come unstuck and be dragged out with regular use of the drawbar leaving a very ratty all metal thread behind. Unless you are very lucky your re-tapped thread will not align with the original so the actual tread will be somewhat reminiscent of the spiky efforts on the metal inserts used on cheap furniture where a thread needs to be put into wood to hold a bolt.
Albeit female and rather little more complete. How complete being in the lap of the gods. Could be nearly complete and just a bit slack, could be horrible. Basically are you feeling lucky.
A little inadequate for drawbar threads on an arbor methinks. If the opening threads are poor the drawbar will not insert cleanly and its threads are likely to be damaged.
Sensible thing is to cut your losses, bore it out and loctite a decent threaded bush in.
Clive
Edited By Clive Foster on 01/03/2022 09:40:36