I made a bracket which I still have and installed it high on the frame near the turbo... plenty of access and clearance. I also ran it on my 09 4500 high on the pax side firewall for a while before selling the truck and removing again. Never had any oil pressure issues, no false oil pressure lights, nothing to indicate a problem.
On my former 02, oil analysis revealed I could have kept on with just filter changes with the new oil in the filters, but I stopped at 35K miles, more the type A in me than the science.
I had fully documented my install on the TDR because no one I ever knew had plumbed the bypass system into a trans cooler. You would figure pushing oil through all that plumbing, the bypass system AND a trans cooler would have given a delay in reaching pressure, but it did not.
So, like so many things on the TDR, different folks have different experiences with virtually everything. You'll figure out if you want to do it or not.
Cheers, Ron