Yes, you do have something to lose. In order to do any kind of repair work on that thread, you need to drill out the old threads, tap new ones for the insert and then screw in the insert. The drilling and tapping operations generate plenty of metal fragments and even one of those in the combustion chamber can fuck things up when you restart. And there's no way to tell for sure if you've gotten all the metal chips out. Plus, if you screw the threadsert in too far or not far enough, you end up with sharp exposed edges in the combustion chamber. That can lead to pinging and predetonation. Yes, it can be done. But I'd only do that on an engine you really don't give a shit about.
Another note: If you overtightened one plug, you likely overtightened the others as well and it's likely there is damage to the other threads even though you don't know it yet. While the head is off the engine, I'd just have all four plug threads repaired regardless of whether or not they actually show damage. And properly done, the threadsert will be installed so it extends into the combustion chamber a bit (making sure it's properly positioned on the plug side) and then the excess will be carfully ground off to match the existing shape of the combustion chamber. Like I said, if you give a shit about the motor, you'll have the head pulled and then have an expert who really knows how to work on heads to the actual repair work. These may be two different people. One to pull and install the head. Another to actually do the repair work.
And don't let some mechanic just use a hand drill and drill out the old threads. The work must be done on a mill and the head must be set up properly at the correct angle. Don't cut corners.