Measure twice, cut once
Here's some free advice to anyone contemplating this procedure:
Pay particular attention to the passage in the instructions which stresses the importance of positioning the bypass valve as far to the passenger-side as possible.
Somehow, I completely forgot this part, and also forgot about the corrugated air tube which connects the evaporator to the cabin ventilation system

. Imagine the "oh ****" moment whereupon completing installation of the valve, I realized I'd placed it directly above the opening in the evaporator and that the corrugated pipe could no longer be installed -eek-
In the end, I'd turned a two hour job into a two day job. I had to replace the input and output heater core hoses- this isn't someone you want to do. While not technically difficult, the spaces involved are so tight that there were at least a couple moments where I was sure I was going to have the whole thing flat-bedded to my dealer.
In the end, I got it done. Since I'd replaced the heater hoses, I had more latitude with respect to placement. I installed the valve on the far right (driver's side, near the vacuume reservoir) where there exists lots of space.
I'll test the effectiveness of the change later today.