On my 05 GTO motor, the dipstick is in the pan and I would guess that it is the same on the older LS1. The original rear sump dipstick hole is still there in the block, and you just need to punch out the plug tht is in it. On the LS2, there is no way to put a stock rear sump dipstick from a F body in there because of the shape of the Holden cast headers. I don't want to lose the Holden headers, so I am going to use a Lokar dipstick. I would guess that you will face the same problem with your 04 LS1 engine. You will just have 2 choices, either lose the holden headers or go to an aftermarket dipstick.
Also, never forget that while all the pan bolts have the same wrench size on them, the 2 long ones in the rear, are much smaller bolts and if you tighten them the same as the others, you WILL strip them out or break the bolt!
Regards, John McGraw