Does the pan come off easily?
Regardless, it should be a common fix. A long time ago I went to one of the drive thru oil change places and their thing was to swap out the plug with their quick fit plug on drain plug thing as a "free upgrade". Basically they used it as a gimmick to encourage repeat business and likely because their grease monkeys kept stripping customer's threads.
Anyways, I asked to keep my old plug and swapped it back 3000 miles later. Every now and then I come across it in the bottom of my tool box.
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After quick thought, removing the pan must be a PITA.
If plan A doesn't work, $125 sounds fine. Maybe 2 hours is a bit long, but I don't think I'd want the 30 minute job. Even if it is 2 hours, a $62/hr shop rate is pretty good.