You might consider this.....
Cast iron doesn't accept fine threads very well..... The gray iron material more flakes, instead of being cut by a tap... ..... that's why you don't see many 1/8" NPT holes in cast iron... .
If you look at the 1/8" NPT and the 1/4" NPT you will see that the 1/8" NPT is 32 TPI (threads per inch) and this is a guess, I didn't get a gauge out and test it..... the 1/4" NPT is 16 TPI as I can remember... . If I have my numbers wrong someone speak up.....
The jest of this is that 1/4" NPT with the courser threads will hold better in gray iron... .
Just my thoughts on this... ...
Jim