By-pass hose?

So this leads me to another question regarding a bypass hose....In this picture provided, you'll notice I have an electric CSR water pump on my 408 stroker. As of now the bypass is plugged on my Victor 340 manifold because there is no provision on the electric water pump to run one... Is there a way, where I can drill and tap a hole in my water pump and run -AN lines for a by pass? Will that work?





is it possible to drill and tap a hole where the red circle is?