Hey my friend, I think you may be missing the fact that these are not stripped threads. There is a huge difference between threading a stud into a blind hole and inserting a stud into a clearance hole. The amount of space for extremely viscus excess epoxy to find its way past out past threads is miniscule. I wouldn't bother with a vent hole if I was repairing threads. That said, personally I probably wouldn't repair a stripped out hole. I think I would opt to go up a size and then epoxy the stud in to threads as I am doing.
The hole through the center certainly makes the stud weaker. No question. But everything is relative. In this application ( Epoxied into apparently very soft aluminum) the remaining material of the stud far exceeds the strength of the female threads.
Its obvious you feel Im heading in the wrong direction and thank you for your feed back.