Hi,
I would first try running a sharp tap 7/16-20 and straighten up the threads. the CVA-170 seals on a O ring not on the threads and this is your best option.
I would think it would be a minor repair and required only a log book entry.Or not.
http://www.saf-air.com/fuelvalves.html#Specialty1/8 NPT is the next option or have someone tig weld a bead and re tap the hole.
Or call the experts at:
http://www.hartwigfuelcell.com/repairaircraft.php