Rob, if you can get to a hardware/ tool store and get an R drill I would do it. If you're not the critical type, dont sweat it, the tap will just go in a bit more, and so will the fitting. I know a machinist who gets by with 11/32 in fact we were just debating about this the other day.
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'92 W250,3. 54,auto,reg cab, raven hi top cap, tach,boost,transtemp,pyro. 16cm housing.