I prefer the method of fill the hole (wood and glue), redrill the pilot hole and install with a standard wood screw and no glue. You might want to take it out later.
Also, please don't fall prey to the security of any strapholder, lock or otherwise. You need to check the anchor pin regularly for signs of wood cell compression. If it's even slightly loose, tighten that up! If you wait until it's wobbly, it may strip out completely, and possibly leave you with an Alembic on the floor.
Also, if you are a straplock user, do check the connection on the strap regularly as well. Those nuts can back off and cause a similar tragedy.
Even if you use lowly pins like I do, it's still prudent to check the anchor for compression.