You could Loctite in a 7/16 x 14 tpi stud, and then drill 10.2 mm and tap M 12 x 1.75.
The parent metal will protect the stud from tearing, and between the two, get a full depth thread.
This is the method used to convert a M 12 to 3/8 BSW for my drawbar!
This assumes that it is possible to hold the parent accurately both axially and centrally.
Howard