To my knowledge, there are no British anything on this engine. It's either all metric or in this case you could use an 1/8 pipe if your fitting doesn't have any metric equivalents available. I've put in a temperature sensor for the oil in that area from Defi which is a foreign, I think Japanese, maker of gauges and sensors. If my memory serves me correctly, I don't remember taping that area with a 1/8 pipe thread tap. My sensor screwed right in since it was metric to begin with. I don't believe any pipe threads are used on this engine in any areas, but the way to confirm is when you remove the old sensor, if it has an O-ring or gasket on it, then it's a metric thread. If it doesn't, then it will be a pipe thread of some sort. Larry Bastanza should know this about the engine.
Al