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I gave up and sent it over to @coldharbour in the end.
Is your frame alu or steel? it may be easier for you if so, my issue was that I couldn't grip the riv nut tight enough to remove the original bolt that was in it (as that seems to be seized in the riv nut too annoyingly) if it wasn't i'd have followed the method in this video to refix it!
Let me know how you get on with the rivnut/bottle mount fiasco, got a dead thread in my ribble frame I need to sort at some point.