The part is above the oil pan so there should be no need to drain the oil. But have an oil pan underneath just in case oil drips out.
My experience with Nissan and Infiniti dealerships, it's true in most cases that Infiniti charges more. But there are some Infiniti dealers that sell parts at discounted price.
I suggest you buy OEM. I normally buy my parts from IoS (Infiniti of Scottsdale a.k.a. infinitipartsusa.com) but for some reason, I can't find the oil sender unit from their site. You caa also try CourtesyNissan. Below is what I found from an Infiniti dealer
http://discountinfinitiparts.com/parts/ ... eid=215255