I have a Mk IV and the drain plug is in the cross tube. If I remember correctly, its a 5/16th's 24tpi (fine thread).
I doubt this really helps you since mine is a 1275cc with a different configuration, I just didn't want you to feel alone!
On their death bed, nobody ever said, "Gee I wish I'd spent more time at work!"
'68 Sprite 1275
'76 Midget 1500