I place a tiny plug of electrical wire insulation – probably a little smaller than a 1/8″ cube. It will take a perfect form of the micro-adjust threads. I also square up the end on the locking screw so that turning it won’t mess with the plug. Once it’s done right, the plug can last for several years.
Bill is right that you can use a file to completely remove the damaged section of threads, but this can contribute to damaging whatever you use for a locking screw / plug. I damaged my micro-adjusts too, by messing up the end with the Allen socket. Please don’t ask why or how. I will not acknowledge my stupidity. Anyway, I replaced the microadjusts and spherical ball joints by buying 1.5″ long set screws and plain ball joints. I epoxied the set screws in the bores of the ball joints and it works beautifully. Not all that expensive. You can also call Kyle at Wicked Edge and ask what they’d chanrge for replacement parts.