Brian, you should have two bungs on the bottom of your f tank. First one is on the left side bottom edge and is what the petcock attaches to. It is a threaded bung. If your tank is a 75-76F, it should be 15mm. If your tank is from a 77-78f it should be 18mm.
There is another bung in the middle. It is not for the petcock, it is not threaded, and it is closer to 5mm than 15mm, maybe 8mm? It is a hose nipple for the drain attached to the recessed gas cap area to drain rain water and/or fuel overflow.
If you have something else going on, someone has done some major butchery to your tank.