After having both a pre-turbo and manifold EGT gauge I would say to do both. Hot shuts downs should be avoided at all cost and the post turbo EGT does not track the manifold temp very well. EGTs in the manifold can spike up faster than the tach upon appliction of power at anything over about 2,400 RPM.
If I hadn't already had an ISSPRO pryro in the elbow after the turbo I would have leaned really hard toward the SPA digital dual gauge and got both in one unit. I got the next best thing the color coded ISSPRO gauge for the manifold and it has worked really nice. It is very easy to get a reading at a glance and you can easily judge how fast it is rising. ISSPRO make a high temperature TC probe that should be used in the manifold.
The biggest thing about the gauges for any truck, stock or not, is the ability to determine the safety of your engine. If you have a problem, how will you have any clue if it is safe to "limp" home? Something as simple as a blown intercooler connection could be deadly if ignored. Even if you know, how will you instruct your wife or another driver how to "know"?
I keep running into the Ford guys who get "a chip" and think they know everything. Most don't know anything about their EGTs and think gauges are for some kind cab dress-up project. It's really very amusing to explain to them they should know about things like EGTs and such.
I think I would forget adjusting the stock plate. I just got back from my first trip after installing a TST plate and got my best mileage ever, over 21 mpg.