It depends on the block. Not all are drilled/tapped.
I've got junk screwed into mine.
ALL SBC engines have this hole and they are ALL a threaded hole but most are plugged with a 1/4" NPT 5/16" square drive plug.
It depends on the block. Not all are drilled/tapped.
I've got junk screwed into mine.
Number 1 is the oil galley and it appears there is a broken sender still in the hole that is why it is smooth, number 2 is for a bell crank ball, and number 3 is the back side of the engine/trans locating dowel hole.

? Im going to the junkyard tomorrow to see, maybe I got the wrong Sensor Or somethingTry using a SQUARE easy out to remove the broken sender.
Heres the pics

