Make some test drills. If you just have stripped lag bolt threads and clean, dry, and freah wood smelling wood shavings, simply go up one bolt size. If the hole is wallowed out, then drill a 1-1/4" hole, slather a 1-1/4 white oak dowel with epoxy and drive it in, in a day or so, sand flat, re-drill and install
If the shavings are wet, dark, and look like rotten mush....welcome to the restoration club