Wouldn't you be a little afraid a cork would get knocked by a stick and pop out? What happens to transmissions when they run without gear lube? So when it messes up not only will be buying a set of cases or having his repaired, he'll be purchasing an entire new bottom end. Instead of a hundred dollars (or possibly less) he'll be out several hundred dollars.
A rubber expansion plug isn't a bad idea, except that in order to get a good seal (without the use of RTV to make it more diffiuclt to get off and still prone to seeping) he'll have to drill the stripped threads out. If he's going to go ahead and risk aluminum chips in the transmission, why not drill it out the correct size for a time-sert or heli-coil?