Affirmative on the gear oil. The switch is kind of like a second drain plug!
There are two ways to access the switch. The first is as you suggest, support the rear of the engine, remove the rear engine mount, and then remove that big hollow tube that it runs through. The only problem with this method is getting that tube back in place. It is a VERY tight interference fit. Putting the tube in the freezer for a few hours MAY help.
the other way is to disconnect the transmission from the engine and slide it back as far as it will go.
If it were me, I would wait until I needed to pull the transmission, like for a spline lube, and do it then.