YOu truly are a photoshop master!
That pic of my bov is how i had it initialy. It sits alot higher now and on teh PT it sits a whole lot higher.
The ideal place to install the BOV is on the hot side of the intercooler. If you notice, all manufactures place the stock BOV on the hot side.
You can see a better pic of it here:
http://www.exhaustdepot.com/srt4/srtbov1.jpg
With the BOV you notice a signifant difference in turbo recovery after you shift. If your running only the stock boost level then you will not really notice a difference besides the venting of the BOV> But if you do decide to raise the boost then I do suggest you get a BOV that can supply the added volume.
Happy boosting.

3" Turbo Back Prototype, Greddy EGT, HKS SSBOV, GReddy-e01 Boost controller, Blitz Turbo Timer.