The drain is so you can drain the block of coolant.
Does not look like your block has the drain so your cover should be drilled/taped for the drain cock. Old oil cooler will give you the drain cock itself, location, and thread type/size.
Does not look like your block has the drain so your cover should be drilled/taped for the drain cock. Old oil cooler will give you the drain cock itself, location, and thread type/size.