On the bunged out bolt holes, you can get a heli-coil kit at ACE and put the exact same size bolt back in. That's because the hole is drilled and tapped for the heli-coil. an original size bolt then screws into the heli-coil. The fix will be stronger than the original metal if you do it right.
As for the torque wrench, here's a suggestion. Don't use one on your tranny pan. It's not necessary. Using a socket wrench, put your hand on the wrench up close to the socket and, using your wrist only, tighten the bolts in a criss-cross fashion. If you use the right gasket, it won't leak, you'll get done in time for diner, and you won't ever break a bolt.
On items that do require a torque wrench, I use the old pointer kind. It lasts forever, and never goes out of adjustment. I have a clicker torque wrench, but I'm afraid to use it, although I would use it if I had an easy way of checking it.
Andrew Offutt