As said above, the proper solution is to plug with a hardwood dowel and redrill.
Since you know that is a problem area, retap the hole the chase the hole with it’s screw a few times... then wax the screw with auto wax (better than Vaseline) because I’m suggesting painting the inside threaded region of your repair with just enough cyanoacrilate glue (CA) to harden your new threads. Obviously, wait long enough before assembly that you don’t glue your screw in to the stock with that CA glue!
That brings to mind another solution- since you can’t match the grain unless you are one of the master repair guys who can... maybe a tasteful delrin dowel (available in white or black) could be made to look like it was built that way... it’s a material that will be more difficult to strip out again in the future.
Use auto wax, not Vaseline. Use quality epoxy with a bit of filler like phenolic beads, not wood putty. Use a plug per above is probably best!
I will just mention that when using a bolt to mold a threaded hole in to an epoxy casting, they make “Oversize” bolts- just a bit larger than the assembly bolt- so when the casting bolt is removed, the resulting threaded hole is “just right” and the mechanical bolt screws right in without cutting or stretching the cast threaded hole. For repairs, simply chasing a cast hole with a tap does the same thing. I was stunned to learn about “Oversize” bolts 30 years ago.