I had a chance to properly install the mirrors today using stainless nutserts, which are M5x0.8. You can see the car had a few mirror options over the past 48 years and the holes I'm using are the front and rear, which have to be drilled 7mm for the nutsert.
I put a little bit of Threebond on the underside of the lip to keep it water tight.
Using the tool from Harbor Freight the nutsert is easily attached to the door.
You can see in the pic below the nutsert lip is bigger than the seal so the seal won't sit flush with the door causing leaks.
Using a step bit I enlarged hole in the seal to allow the nutsert flange to recess into the seal surface so i can sit flush with the door.
The mirrors come with the bolt holes angled, which is puzzling considering it comes with both screws and machine screws.
I had to drill the hole slightly larger for the M5 bolt, but you can see the angle of the drill. Once I drilled it out I just straightened the drill to where it was normal to the mounting surface so the hole was straight through to interface the nutserts.
Hard to tell, but using a ball end grinder I created a new seat for the tapered head on the bolt. This took some time since the original seat based based on an angled screw.
Nothing like making your own custom bolt heads by spinning the screws in a drill while you remove material with an angle grinder and cutoff wheel.
The finished bolts! Not too pretty from the sides, but look the same from the top. I should have called Greggs Customs.