It would do ho harm to use monel; in either case don't forget the jointing compound. I would avoid stainless steel.
You only need to use a jointing compound like Duralac if you have 2 different metals like stainless steel and aluminium. The compound is to create a break between the metals so electrolosis cannot corrode the aluminium. On my old spinnaker pole someone fitted a stainless steel eye for the pole lift but did not use Duralac. The end result can be seen in the photo below. That mistake cost me £400 for a new pole.I'm new to this game. I recently replaced a couple of halyard exit sleeves on my mast using monel rivets but didn't think to use jointing compound. (I've since found out what it is for).
How big a deal is this likely to be? The sleeves are plastic so the rivet head is against plastic, it is only the body of the rivet that will be against the aluminium of the mast.
Do I need to drill them out and re-do?
Thanks

How big a deal is this likely to be? The sleeves are plastic so the rivet head is against plastic, it is only the body of the rivet that will be against the aluminium of the mast.
Do I need to drill them out and re-do?
I like the idea of using nylon washers under the rivet head.I would also not worry too much.
The photo below shows a hole in my boom that had a 6.4mm monel rivet for 40 years, rivet head against the extrusion surface.
Some corrosion, but not too bad in my view. I could see no corrosion at all on the inside of the goose neck casting (also aluminium).
I replaced with new monel rivets, but with a nylon washer under the head.
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We used bits of plastic milk bottles under our riveted fittings.I like the idea of using nylon washers under the rivet head.