OK to put temp senor in waterpump bypass line?

[Apex_speed]

I have a Roush 427R with an Edlebrock dual plane intake. The intake only has 2 ports to the coolant passage and there is nothing on the heads. I'm doing fuel injection so I need the left front port for the FI coolant temp seder and the right port is my heater return. This will displace the temp sender for my coolant temp gauge.

I was just eying the water pump bypass hose that goes from the water pump housing to the fitting on the front of the block under the surge tank. Would it be OK to put an inline fitting in that hose so I can put the temp sender for the gauge there?

It is out of the way so it wouldn't be very obvious and looks like it is 1/2-3/4". I assume there is coolant flowing through this all the time that is reasonably close to engine temperature.

Thanks!