As I mentioned, the 10mm hole is not sized for common Smiths temperature sending units. You may get some information on alternate senders by contacting the tech support people at Caerbont (the current owners of the Smiths name and makers of current Smiths gauges). On the other hand, the 10mm tapped hole may be suitable for some non-Smiths aftermarket temperature gauges. You will just have to shop around to see which ones may come with a 10mm sending unit.
You mentioned making this change to increase the accuracy of the temperature measurement. For accuracy I would not suggest an electrical temperature gauge. Consider buying a mechanical temperature gauge (with capillary tube). Select one whose needle moves through 270 degrees of angular sweep, not the common 90 degree sweep of most 52mm Smiths gauges. The 270 degree sweep gauge gives much higher resolution when you are trying to read the needle position.
The expansion bulb of the mechanical gauge will screw right into the tapped port on the cylinder head. However, on some head castings you need to use the spacer/adapter to keep the expansion bulb from "bottoming out" (as Nicklouse mentioned above). The adapter is readily available from most Mini parts suppliers as are some of the mechanical gauges.
(Gauge and adapter links below).
270 angular degree sweep mechanical gauge at Mini Spares
Alternate... traditional "dual" gauge with oil pressure and temperature. 180 degrees of needle sweep.
Adapter/Spacer at Mini Spares.
Edited by dklawson, 23 February 2015 - 01:03 PM.