Okay, so I brought the headers to work to give it a go at getting out the tap but it was impossible! Even though it was a cheaper brand of tap, it still was too hard to get out. We tried inserting two nails on either side of the "gaps" and then trying to back it out using vise grips but it was to no avail.
So I came home this evening to tap out the remaining hole with a quality tap and brought with me a few 1/4-20 cap screws.
The tap worked perfectly and before long she was threaded just perfect!
I know that Tony was concerned about having one less screw but after fitting the valve back in and bolting the two bolts down tight, the valve works perfectly with no binding. I tried to pull either way on the assembly and it wouldn't budge. I'm confident that the valve, even with the cables hooked up, will work fine with no binding at all. Once it's in place for the final time, I will mix up a batch of JB Weld and fill the hole and overfill it so that it makes a "head" or "button" on top and let it cure, making it a makeshift rivet if you understand what I'm saying. If I ever have to remove it again I would only have to chisel off the "button" I made and pop it off.
I only have to drill out the cover bolts which two were broken and tap those as well. Those shouldn't be an issue at all. Then I'll sand down the pipes and spray it with the header paint and that will be that. If I ever come across a decent EXUP Valve on Ebay I could always just switch it out again.
I installed the stand that my buddy Sal fabbed up for me which will support the upper frame so that I can remove the rear shock and not have the bike collapse onto the swingarm. Then I'll clean the shock, remove the swingarm to inspect and grease the bearings, and get everything back together.
The Partshark order came to work today with the exception of my add-ons, Bar Ends, Front Cover Gasket, and some misc. bolts that I picked up. I called and they said it should go out shortly. At least all my fork parts are here, the front sprocket lock washer, fuel filter, and fork oil.
So I'll try and get into the garage tomorrow after work, and all day Saturday. Things should start going back together real soon!