That's where it is on my '02 RT 190 Popular, just forward of the dump valve handles and dump
hose assembly, below the driver's seat under the van.
But mine is plastic.Threaded onto a short spout behind the tank low point.
Not sure about a rusted on cap.
Maybe try a liberal dose of WD40 on and around the threads, if you can reach them.
Let it soak for a bit, then lightly tap the cap/plug with your pliers or channel locks to help loosen it.
Add some more WD40, and repeat as necessary. Patience is important and useful here.
I'd then try using channel locks to get it off, but again, be gentle. If that doesn't work, you may
have to cut the cap off somehow and replace it. Better to sacrifice the drain cap than the threaded spout.
If you do manage to get it off, there are probably threaded plastic caps that will fit it, and I
might replace it with something that won't get stuck again.