If you get the head from SVOboy, you should be able to take the head to a machine shop and they should be able to extract the bolt and repair/fix the threads. I think it's one of those things which is not a big deal, if you have the right tools, but it can be easy to goof up, if you don't.
Most likely they can drill a small hole in the middle of the bolt and use an easyout to extract it. Worst case, they might have to put a heli-coil insert into the head, which makes the threads pretty indestructible, after that. In either case, the smog guys not going to be able to tell diddly spit difference.
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