Like a couple people said earlier, the "correct" answer depends on what the fastener is doing, and where it is doing it.
I've found Heli-coils to be a pretty solid middle ground for both ease of instal and holding strength. There are stronger products out there (I've actually used the Cat product Boomhauer mentioned on a C7, and it's really nice), but they all tend to take more time, room, or disassembly to install. If you don't need the strength or permanence, there are faster and easier ways to keep a bolt in.
Like Heinlein said: (paraphrased) know all the techniques. Specialization is for insects.