We have used riv-nuts also called nut-certs (or nut-serts) on 1058 for years. Really helps with fast repairs in the pit!
Step one is get the right tool. We have one similar to this which works MUCH better than the ones that look like a pop-rivet gun:
https://www.amazon.com/Astro-1442-Th.../dp/B003TODXQW
Step two is to make sure you have the correct size drill bit. These things are sensitive to hole size so we double check we are using the correct drill every time.
As others have mentioned installation and placement is critical. We almost always have mentor supervision/help when installing any riv-nuts. They are also prone to under and over torquing so we usually teach a few students how to do it properly and supervise closely, or have a mentor install if necessary (with student help of course.) It helps to do some testing on a scrap piece to make sure your tool adjustments are correct.
We have run into situations where they come loose due to install error or just unexpected load and have had success drilling them out, although it's not fun. I would not recommend using loctite on the hardware you're placing in them, and if you do, very sparingly.
I would be interested in a part number or link to a pneumatic tool for installing these. We use a pneumatic pop-rivet gun and it's awesome.