You could drill the front diff and you could also put a drain plug into your stock rear diiff cover. I did this one time to a 460 oil pan in a 75 F250. It had a car pan and only had just enough room between the pan and crossmember to pull the plug out. While I had the pan off, I bought a 1/2 fine thread nut and short bolt. I drilled a hole in the pan where I wanted the drain, welded the nut to the pan, and used a 1/2" drain plug gasket on the bolt. It didn't leak and worked great. As long as your bolt isn't much longer than the hut is deep, you won't have any issues since the nut is on the outside of the cover.