Choptop... It's not too bad removing the bolt. Drill a 3/16 hole all the way through the bolt making sure you don't hit any threads. Then use a small easy out to screw into it, remember the screw will thread further into the hole and not towards you. You will have to go to Honda to get another bolt because it is a left hand thread.
I had encountered the same trouble when installing the central stand. Turning, turning and no luck getting the bolt in.
This is for security reason, imagine your central stand getting loose... I remember when side stands did not had "ignition cut" security, someone I knew got killed as he went fast down a "bouncy" road. The stand hit the road hard and catapulted him sidewise off his bike.
Not so silly after all.