I also like the ones that Jared uses, they are also known as EZ-Loks. Those are the inserts I'm using in my new cylinder heads. I've broken Timeserts before, so I don't like to use those. Never had a problem with EZ-Loks.
As far as installation on the vehicle, it can be done if you build a simple jig out of a spare rocker shaft and stands. Set it up so that three of the stands are installed, and the one where you need to drill and tap the hole is not. Use the hole in the rocker shaft as a guide to keep the drill aligned with the hole you are fixing. Cover everything around it up with tape or rags or something, so that you don't get chips everywhere in the motor. I've done a few that way, always seems to work out OK. Not as good as removing the head, of course, but it will get you back on the road quickly.