Below the charger should be 3/4 npt. At the timing cover should be 1". Series 1 uses 1/2 npt and 5/8 npt(very hard to find)
The LIM is not that bad to do. The timing cover does not have a lot of metal around it. Easily cracked.
In both cases you either need to grind the ends of the taps to more of a taper or very carefully drill them out a little.
I would agree on using a threaded bib on the LIM. On the timing cover I would get the metal replacement elbow. Cut off the other end to put a hose on it. Make a small bracket, that bolts to the water pump face to hold it.
OR freeze plug the timing cover off and use the modified thermostat housing instead.
Most of this, has been from reading hear, 3800pro, and other GM forums. There is also some reading at the 4x4 forums. 3800SCs are popular there also.
[This message has been edited by cmechmann (edited 01-02-2014).]