I'd use a new bolt, put some white teflon paste on the threads,
and consider using some aluma-seal stop leak in the coolant system,
which I have used to stop header bolt leaks.
But for a water pump install, I smear some blue RTV on each side of the gasket,
torque halfway, wait 6 hours, then torque all the way, then not refill for 24 hours.
Had to do that to stop a water pump gasket leak on my last install.