What about the 1 5/8 hole? Also whats the difference in double threaded bulk head and a reg bulk head?
There are slip/slip; slip/threaded; threaded/threaded and threaded/slip bulkheads.
On the right is a slip/slip, and on the left is a slip/threaded bulkhead
You choose the type of bulkhead based on what you are connecting to it. If you are just connecting a PVC pipe to the bulkhead, slip/slip is the easiest way. If you get a slip/threaded bulkhead and are connecting a PVC pipe to it, you would have to get a male connector for the PVC.
In this picture besides the slip/threaded and slip/slip bulkheads are a male and a female connector.
Say for instance, you wanted to plumb in a threaded uptake such as one of these in the bottom right corner of this picture, but you wanted the uptake 6" below the water line.
You would take a short PVC and slip it in place in the bulkhead (with PVC cement, of course). On the other end of the PVC you would have to cement a female connector. The threaded uptake is then screwed into the connector. Threaded bulkheads and connectors have the advantage that things can be unscrewed and removed. Slip fittings basically have to be cut off to be removed. So if you want to be able to remove things, threaded fittings and bulkheads would be the way to go.