I don't want to get in an argument and don't want to hurt anyone's feelings, but PLEASE don't use rivnuts.....and esp. DON'T loctite them. You'll never get them out.
I owned and operated a restaurant service business for years and came across many, many rivnuts on commercial cooking equipment cabinets, mostly in sheet stainless steel, but some in aluminum, too. I cursed those awful things every time I tangled with them.
Along with pop rivets, they don't do well in tension - boat seat will be in tension - and can often be pulled out of thin aluminum fairly easily. In shear, they're fine. A rivnut is just a pop rivet with threads.
Big thing is: They work by squeezing the metal between the shoulder/collar on the outside and the pulled plug on the inside and the grip isn't all that great. When you start to loosen a screw in a rivnut, if there's any corrosion or damage or whatever on the threads, the whole rivnut will often turn instead of the screw - and you'll sit there a very long time playing at that.
Occasionally, you can wrench the screw down tighter to try and lock it in again, but that rarely works. Most often, the only alternative is to drill the whole mess out of there and that can be difficult.
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Mine may not be perfect and there may be better alternatives out there, but this is what I came up with for my 16 ft Starcraft Seafarer with aluminum seats. The screws go thru the wood into the aluminum. The wood adds a lot of additional strength. I put the boards on the seats to replace original because I felt they'd be more comfortable in hot weather, not to mention looking nicer.
The swivel seat base is much smaller than the seat and is quite short - almost impossible to get a screw or bolt under them, so I used Tee nuts under the 2 strips and bolted the strips to the swivel base, then screwed that to the underside of the seats, also with Tee nuts inside the seats.
4 heavy #12 sheet metal screws on each side anchor it solidly. When you lean back in the seat, you're putting tremendous pressure on those screws. So far, there's been no loosening at all - they're rock solid.
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Incidentally, I made a folding grab bar for the center seat and knew I'd be swinging my full weight from that at times in rough water or even when I just lose my balance, so wanted it to be un-breakable. That meant nuts & bolts and "no" compromise. The red arrows point to the hinges.
I took that seat completely out of the boat - drilled all those 5/32" rivets out, pulled the seat, slid the foam out and bolted my grab bar hinges solidly with stainless 1/4"-20 bolts with back up washers. Trimmed the foam a bit to get it back in, then used sealed end, waterproof 3/16" steel shank pop rivets dipped in 5200 to put the seat back in with. It's absolutely rigid and doesn't leak a drop.
There Have been times when I lost balance and really did swing from it and am very glad I over-built it.
Looks like I'm still having problems with getting pictures to go where I want them. Oh well - they're there for you.