This is a bit difficult to describe, and I havent got my camera with me. If you look between the rocker cover and the intake, there is a pipe going into the left hand side of the intake the same distance towards the back of the engine as the oil dipstick is on the right hand side. This is where mine is plumbed in.
Instead of cutting the stock pipework, you should simply cut a 1" length from the end of the pipe you got with the guage and fit the tee piece in to the end of the guage pipe, and the 1" section. Then unplug the stock pipe going into the intake, replace with the 1" end, and plug the stock pipe back into the tee piece. All done, and no stock pipes cut.
As far as where to put the guages, I have mine in an A Pillar pod, and so they are always within line of site. If the boost or EGT warning lights were to come on, I would spot them immediately and jump off the throttle. If they were in the passenger airback location I may not spot them so easily!
Electronic guages give you more bells and whistles than mechanicals, but I bought electronic ones because wires are easier to route behind the dash than vacuum pipes, and they had a warning light function, simple as that.