What Kim said. It looks like you've got an APC prop on there so you don't even need to bore out the front of the prop.
I did this on a plane that I inherited: whatever engine had been on there was longer from bolt to prop drive than the engine I put in, so I made a spacer and then didn't have enough threads. I took a 3/8" bolt, drilled & tapped it for 1/4-28 (on a lathe -- this isn't something you can do accurately enough on a drill press), made a washer to match, and it's worked great for several dozen flights. The OD of the nuts fits into the APC prop that I use, and all is well.
If you don't have access to machine tools and can't get it done locally, check with Jim Lee -- I'm sure he can get you set up for not too many $$. I've seen some engines that come stock with a nut like that, but I couldn't name a brand beyond the well-respected Maybe-Saito.