Heat- - - -KROIL- - - -tap- - - -repeat as necessary.
www.kanolabs.comYou could also drill and tap the plug and pull it out of the block with a bolt and nut or a slide hammer, polish it a little, and re-insert it. I'd only attempt that if I had a bare block on a stand where there was plenty of access. When I build my Cadillac 261, I'm going to pull the plug out, thread the hole, and go back in with a screw-in blockoff instead of a press fit.
Jerry