mystery hole 67 273 timing chain cover

My 273 car is at the garage but is that where the ground wire from the battery is?

Mine is in the shop too ;-) but I don't think so. I don't think they'd ground to an aluminum piece that has a gasket between it and the block (galvanic corrosion, poor connection). I think the ground strap is bolted on the end of the head (return path for spark, among other things).

Might be for an early accessory bracket... power steering pump?