Are you sure you can't remove it without removing the exhaust manifold? I am assuming that the nut on the end of the petcock is buggered and leaking, and you want to fix that. Are you not able to thread the piece into the petcock assy? I figure that is where you want to put in the pipe plug that you bought.
Get an open end wrench around the body of the petcock assy, or a pair of vice grips, I can't remember if it is hexagonal or round. You should be able to do that without removing the exhaust manifold. Turn it until it comes out, then get a plug the same thread to plug the hole in the block.
OR, remove the exhaust manifold and get to it that way. The manifold is stainless, so it is less prone to cracking than cast iron manifolds. Torque it evenly in a star pattern when reinstalling it, shouldn't be a problem. Technically, you should replace the gasket but I would not let that keep me off the lake. BUT, that's just me, I cut corners when I think I can get away with it.