Great idea on the magnet in the end of the plug!!
I never thought of drilling the plug out to fix my drain plug.
Just to add to the idea,
I buy these Samarium Cobalt (SmCo) magnets for use in transmission drain pans, and any other use i can find where i need it to survive in heat.
(and thanks, i was trying to remember "SmCo" as my search term in ebay. i need more!!)
I used to put magnets from old hard drives into my transmission drain pans, but one time i pulled it out for a cleaning.
Found it lost almost all of it's magnetic power.
They are not as powerful as the Neodymium type but they last much longer when exposed to heat.
I'm too lazy to look up specs, but i was surprised to find that most of those type will loose their magnetism under the expected operating temp of engine and transmission fluid.
Totally fine if you expect to replace the magnet every so often.
I would expect that they would retain enough of their magnetism to remain useful, especially when they have a heatsink like an oil plug that can wick heat off via an oil pan.
but if you plan on gluing on the inside of say an oil pan long term: SmCo!
And i was thinking about putting a ring magnet (or 4) on my pickup tube, with a wire attached to it for easy extraction during engine break-in.
But I doubt it will work as smoothly as I would like.
And i ordered this to stick on the bottom of my oil filter, just for break-in tho.
500LBS Pulling Force Round Double Sided Fishing Magnet Super Strong Neodymium US | eBay
I'm sure it's going to make my life a living hell, but what the heck!
I'm expecting it to find anything magnetic and get stuck to that instead, and probably make my finger black and blue.
It also might offer some entertainment with my boat this year.
Free fishing lures!
Or maybe, an expensive magnet lost!