Ok, so I went ahead and removed my brass plug out of my carb.
I decided to take some shots for any other newbies who wanted to know what to look for.

Here is the carb with a pilot hole drilled into the brass plug, the plugs not very deep.
I used a dremel with a very small diameter titanium drill bit and very slowly almost to the point the motor would stop spinning, ran the pilot hole checking very often until I could see the begining of the brass screw inside.

then I upgraded to a larger drill and a larger drill bit, use a drill bit that is just smaller than the thread width of the machine screw you will be screwing into the plug to pull it out.
when drilling with the bigger bit the plug may want to spin in the hole, just pull the drilll bit out and let it spin very fast and slowly put it into the plug, once you have made the original pilot home the widening dosent take long so be cautious.
one you have the hole widened just right take your machine screw and screw it into the brass plug as far as you can but not exceeding the depth of the plug as not to damage the screw underneath.

Attach a pair of vicegrips and pull hard, be careful not to pull the bike ontop of yourself and also be careful not to lose control of the tool as you could break a bike part or scratch something.

here is the inside of the plug nifty eh?

and there you go a nice clean easy plug removal, took about 20 min because i was very careful not to damage the screw underneath the plug.
so there you are fellow board members and newbies this is how to Get-R-Done.
Any questions?