Steve S,
Knowing BS that extended hole will be there for a reason, I've just levered a ruined one out of my resto bike and YES the wider hole is at the BOTTOM. No doubt it assists the oil to run in and out , to ensure you can clearly see the level has dropped below the window.
I thought I did have a one good tank window but can now see it is all crazed and has probably got a hole in it. Oh well add it to the parts list.
Regards, Brian the Brit.