It's a really bad idea. Even a precision-reamed hole with a shoulder bolt in it will not be as rigid as one with a hot-set rivet. You will probably experience a lot of frame flex, which will result in some oddball handling characteristics. The Popular Mechanics Magazine road tester back in the 1950's summed it up this way- - - - -"Handles like a rhinoceros on a wet clay bank!"

Good luck with that!
Jerry

"It is better to be silent and be thought a fool than to speak and eliminate all doubt!" - Abraham Lincoln
Cringe and wail in fear, Eloi- - - - -we Morlocks are on the hunt!
There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self. - Ernest Hemingway
Love your enemies and drive 'em nuts!