Bolts have straight thread. The diameter of the threaded part of the bolt doesn't change from the first thread to the last.
Pipe plugs--at least in this case, there are exceptions--have tapered threads. A trained eye can see the taper, although most folks can't until they study it some.
The first thread, at the end of the plug is smaller in diameter than the second thread, which is smaller than the third thread, etc. Seems to me it's taper is 1/8 inch per inch of thread. The female threads are the opposite--the first thread is bigger diameter than the second thread, which is bigger than the third, etc. When the plug is screwed into the hole, it gets progressively tighter until you've got a leak-free thread seal based on deformation of the metal parts--the plug "wedges into" the hole.
It's common on older machinery for the plugs to be "dry". They were too cheap to apply a sealant. Ideally, they get a Teflon/PTFE-based sealer which acts as a sealant and as a lube. The plug doesn't need as much torque to seal well, and it comes back out easier.
For SBC and BBC, the plugs are 1/4" pipe thread. Pontiac uses 1/8" pipe thread for their block drains, and some Buicks don't even HAVE block drains (rotten bastages.)
For example:
www.amazon.com/Adapter-Fittings-Fitting-Hex-Head-Plug-Thread/dp/B07NVPR4BL/ref=sr_1_10?crid=3UZUQG0QIE9SX
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or, even more fun:
www.amazon.com/Joywayus-Fitting-External-Switch-Handle/dp/B07MF75X5V/ref=sr_1_6
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And my favorite thread sealer. Also available at most auto-parts stores. Truly fabulous stuff:
www.amazon.com/dp/B0002KKTH2/?coliid=I2C34IAJPLZFEQ&colid=2VLYZKC3HBBDO&psc=1&ref_=list_c_wl_lv_ov_lig_dp_it
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