I am guessing that it's already been bored out to accept the Cree, Though I could be wrong there. The ones I bored out had only a few (was it 10??? ) thousandths of an inch wall left.
I started to ask "Do you know if it's a stock ARC head that has been modified as opposed to a replacement head that fits the same body? " but then realized that I would not know anything about that either. :)
The highest chance of success would probably come from altering head and body. remove the current threads on the head, make a press fit sleeve, then thread it. Bore out the body to match the new head and re thread it to match.
The problem the machinist faces is that the head is (most likely) filled with epoxy, so it's hard to say how thick the walls are. Cut too deep and you risk cutting through the electronics.
Is millermods available to redo it for you? He knows what the inside looks like.
Daniel
Daniel