It seems that it would take a few hours start to finish and damn near removing the engine to tilt it far enough to clear the frame. You might be able to remove the rad / oil cooler, exh, the chain, throttle cable + any harness plugs that won't reach, and all but the lower back mount bolt. There is likley more that you will come across and if there is an easier way that is known somebody might bring it up.
The pain with the time sert is that installing it may not be possible with the frame in the way. Try the tap first unless it is stripped all the way down the hole...it may have locktite and your being catious thinking it is stripped...did the aluminium threads come out on the bolt? or does it just feel like it is binding up?
I hope some of this helps you out...good luck.