One option would be to find a good TIG welder and have the flange built back up with 'Gob' (filler) weld.
This is fairly cheap but the guy on the TIG will need to know what he's doing.
This isn't a job for an amateur...
Work down excess (it will look like bird

) and re-drill/tap the hole.
This is a cast aluminum piece, it will have to be VERY clean before you start welding, but it can be done (I've done it myself to restore threads that were removed by rust when bolts were removed, tabs broken off, etc.).
Rehabbing the cover saves about $300.
A replacement will cost about $300,
Factory covers that have been completely restored run about $300.
This means your break even point is $300.
Look into rehab before new, it could be much less than $300.
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I did an article on rehab of the front cover, but I can't find the pictures right now, but I'll look.
It had pictures of how the home rebuilder can flatten the gasket surfaces, clearance the oil pump & water pump, restore bolt holes/remove broken bolts, and insert an oil pump cavity insert to fix gouged out oil pump cavity walls.
Getting the oil pump cavity to fit the impellers is the hardest part of rehab, it takes an off-set mill to do, but even gouges in the oil pump cavity can be fixed.
That would involve an experienced machinist, which is why you don't hear about it from the average AMC/Jeep sites.
There is a push in sleeve that smooths the oil pump cavity, you have to oversize the bore(s) and you get one shot at installing the sleeve (like getting pistons in without breaking rings) but when it's done correctly, the oil pump cavity is better (tighter) than new.
Since this isn't your issue, it's just for FYI for anyone reading.