He did not state for what year car or engine size he was working on, so we are all likely giving answers compared to what we have. The later models are the round, 'bell top' style. I would definately use the wrench on the bottom...maybe even sacrifice an el-cheapo and put a 45 degree bend in it. Channel locks on this type can be done around the lip, but runs the chance of crushing the soft body.
The one for my `66 Poly 318 has no nut feature underneath. It is not bell, or dome shaped, but is more robust. It has flats...along with notches (for the special socket I'm sure). I couldn't see paying for something I would use (hopefully) only once. An 8" or 10" channel locks will get back there...like I mentioned before - just not much turning room. Might even have to come at it from the top. Otherwise, you may get lucky and get the open end of the 1" wrench on the 'flats' to get it loosened. But he's right, the box end just doesn't work.
This link shows the different styles:
http://www.rockauto.com/dbphp/x,car...2L_318_cubic_inch_V8_Oil_Pressure_Switch.html