The fitting possibley fitted due to BSP having a 30% taper. The .902" is the maximum diameter of the taper. I would think it would seem strangr for a engine manufactuer to mix threads on a engine block and use BSP ( A plumbing Standard) as well as UNF. below is an cutting from the history of BMC
The last M.G. to use such threads was the TF1500 in 1955. Such nuts and bolts have British BSW/BSF head sizes, so that the average British DIY owner or motor mechanics tool kit could still be used, but with these odd metric threads. From then on, starting with the M.G. 'Z' Magnette in 1953, Austin engines were used under the umbrella of the British Motor Corporation, or BMC for short. These BMC engines used American based Unified Fine (UNF) and course (UNC) threads, ( ANF & ANC in the USA,) in the 'A','B' and 'C' series M.G. used. Such nuts and bolt heads had to be used with spanners that are termed "A/F", indicating the distance Across the Flats, a common size for instance, being 1/2" AF. Later still, standardised ISO metric sizes took over with the 'A' Plus, 'O','R','S', and 'K' series engines of Austin/Rover.
this is the link to the article
http://www.mgcars.org.uk/engine/mgenginehistory.rtf