I pulled the motor with trany out because I didn't have enough space to work and also I want to make sure I taped the hole right. Now that I'm thinking back on it i think i may have a better way to do it cause it was really hard to get the tap started straight because of that lower part of the oil pressure that was still there.
So right now I would recommend doing jb weld unless you have the time and money to change the engine. get a little jb weld down the plug hole and some on the threads that are left so it holds best. Make sure it is clean of oil, as in Brake clean or soap and water, with a rag.
As for my improved idea. Drill out the hole with a bigger dill than the threads to the point where its a complete circle again then drill and tap and bolt or put a short length of pipe in there so you can put a oil pressure sensor on again.
Here is My Current Fix. Now I find out that the little Integrated control unit that is attached to the back of the fuse box on the driver side had 2 blown capacitors and a fried transistor so that's why the light was always on.