Yes you can, that is what that point is for. It is where I will be drilling and tapping for the sniper temp sensor on my performer intake for my truck.
I really wanted a more performance based intake but the performer is the only one with the dedicated location for drilling and tapping. The extra meat there helps to stabilize it.
I also bought off ebay a drill bit/tap set for the sniper sensor so I can drill mine before paint and installation.
The sniper temp sensor is a 3/8" NPT so you will need a 3/8" NPT tap and you will need a 37/64" drill bit for use in conjunction with the 3/8" NPT tap.
I bought my paired set off amazon its a Drill America brand that came with the tap and the drill bit.
What you do dont use a 1/2" NPT it will require a reducer bushing and you will want the best reading you can get of your temperature and best reading is having the nub of the sensor actually in the coolant flow.
"Old Blue" - '56 Fairlane Town Sedan - 292-4V, Ford-O-Matic transmission, 3.22:1
'63 Belair 2dr sdn - 283-4V, Powerglide transmission, 4.56:1
'78 Cougar XR7 - 351-2V, FMX transmission, 2.75:1 9inch
"Bruno" - '82 F150 Flareside - 302-2V, C6 transmission, 2.75:1 9inch, 31x10.50-15 BFG KO2