Ended up pulling the Greddy oil pan and went with the Time-Sert inserts to fix the stripped threads on the drain plug hole.
Pan was a pain to break the existing RTV seal, but got it after a bit..
I am pretty impressed with the Time-Sert product and tools that were included in the kit (very sharp drill bit and tap and all around very high quality).
Install was a piece of cake and glad I pulled the pan so I could clean it really well before reinstalling the pan. I did use Red Lock Tite on the outer part of the insert piece although it's not required, I just added a bit for safe measures. Now it has steal threads!
Waiting for the new RTV to cure after reinstalling the oil pan on the car. Hopefully there are no leaks...
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