
I wouldn't if I were you!
I think you WILL end up creating a problem. The issue will be sealing any hole you make because of the difficulty in finding a sealing material that you can 100% guarantee will adhere to the polyethylene and therefore give you a reliable seal - poly is not like wood, fibreglass or steel: it is much more difficult to find things that will bond to or seal in contact with it.
Even if you do manage to get a reliable enough seal:
1. a hole below the waterline is likely to affect the resale value of the boat.
2. you will probably always have a nagging doubt in your mind "oooer ! is that seal holding???!!?!".
3. anything hitting the outside of the hull in the vicinity of the seal could compromise the seal...
4. if the seal goes it is highly probable that you WILL sink.
From personal experience it is not nice to be a long way offshore and suddenly find your boat half full of water. If you are bobbing about in choppy water, unless you have fitted a through-hull bilge pump, there is no easy way to bail out the hull without opening a hatch - which lets water in - and will let even more in if the boat is settling in the water due to it losing buoyancy.
...there must be another way ! (My fishfinder reports water temperature via the transducer shooting through the hull dunno how accurately but IMO I would prefer to suffer from inaccurate temperature readings than a hole in my hull)
Could you attach the required sensor to e.g. the rudder or rudder stock so that it can be held securely in place without necessitating holes in the actual boat ?