When faced with the prospect of draining old coolant (using the block plug) all over my freshly cleaned engine and subframe, I came up with this idea that I thought I would share.
I took the original 14mm block plug and drill and tapped an 1/8" tapered pipe hole in the middle. To do this, you need both a tap AND a tapered reamer to get the right size hole for the pipe threads. The through hole in the plug is 1/4". Then buy a 1/8" NPT coolant petcock with the hose barb on it. I bought mine at Rock Auto and it is for a 1945-51 Jeep or something. And presto, no more mess.
Now when I go to drain the coolant out of the block, I will simply attach a 3/8" ID hose to the petcock and put the other end of the hose in a bucket. Twist the winged nut, and let the coolant flow. Twist it tight again and you are done. Sure it isn't original, but tucked under the manifolds, no one will notice it.