I have replace a number of nipples on original shotgun. Usually once you have the remnants of the old nipple out, the threads in the breach need chasing out to get to solid metal. That means making one or a series of taps of the same pitch as the nipple and increasing in diameter by .005 to .010" each time. Essentially cut a screw thread to the diameter you want, harden spinning and cut flutes for the chips using a cutting wheel on a dremel tool. It also means making new nipples with threads to match the new threads.
Most english shotguns used 26 threads per inch by the way, at least in my experience
cheers Doug