JWL, My best guess is that about 60% of the shoulder is missing on the side and the collar is only about a 1/2" deep. There is not enough threads left to get a bite. Yes two problems, one piece. The steel replacement is the ticket.
19Fordy, Your request for a photo spured me to really take a look trying to take a photo. Flashlite, mirror on a stick, ect. It appears that in the past there was a poor attempt at a repair. Once the hood is removed and turned upside down it can be fixed fairly easy with a bit of fabrication and welding. I was being lazy and looking for an easy way out.
Thanks to all for your input.