ironworker40
NYC Ironworker
Well, you either know a lot more than me about fab work or less.... not sure which.
My immediate concerns with that are the difficultly of making a good solid consistent weld on the wall of a small pocket like that, possible warping due to uneven heating, loss of hardness in bearing seats if they are hardened and finally the difficulty of machining the welded material. In contrast making an insert is a simple straightforward operation, as is a simple boring operation on the fan clutch. There's some risk of thermal damage brazing but it would be a lower temp more controllable even heating so less likely to cause problems. Also, if you machine down an old fan clutch so make the insert you don't need to deal with internal thread cutting and the machining operations reduce to simple boring and turning.
Please post a pic of the shaft after you take it apart because I have a picture in my head of what I think It looks like but I need to see it.
It can be tig welded with minimal heat. That would be the way I would do it.