From innovate's website: "Do NOT install the Bung below the 3 o'clock or 9 o'clock position.
Condensation can form in the exhaust pipe and permanently damage the sensor.
6 o’clock is the absolute worst position to mount the sensor."
Other than that, just make sure it's before the cat and you should be fine, I'd put it on the downpipe.
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'99 GTP, L36 bottom, XP cam, Headers, 3.29 gears, FWI, Powrtuner