Hey Richard, looking good there. To answer your questions:
Water temp gauge - the EFI setup (hotwire onwards) has two coolant temp senders/sensors. One is for the ecu and that has the two pin junior timer connector which will be part of your new loom.
The gauge one is closer to the thermostat and uses a single wire. I made up a short 4" lead that converted from the lucar blade on the factory P6 loom over to the small female bullet connector style on the newer sender. This works well enough but the gauge will no longer sit bang on the middle anymore, the resistance curve of the later gauge sender must be slightly different to the P6 one. My gauge is now sits with the needle slightly to the right of centre- you get used to it.
Rev counter is slightly different - there are two ways of doing it. One is to use a few zener diodes connected to the coil pack wiring, and the other is to modify a relay so that acts like a miniature ignition coil to drive your tacho. I went for the second method on the p6. See post 122 in my thread here:
My 3500s project - future daily drive
Basically the tach output from MS is used to ground the relay coil, which generates a flyback pulse like the ignition coil does in a normal car. I ran a wire from the modified relay to the factory P6 wiring where the tach would have been connected to the original ignition coil.
Injector grouping - the factory EFI fires each bank at a time, so called "Batch fire" its not an issue as the fuel basically gets squirted and if the valve is open it gets drawn in and goes bang. If the valve is closed when the injector fires it just has a little longer to vapourise when it boils off the back of the hot valve and then the air:fuel mix waits patiently behind the valve until it opens and draws it in.
Only fully sequential injection is actually timed to valve opening events, and this only works at low rpms to improve emissions slightly. At high rpms, you simply cant squirt all the fuel you need in the miniscule period that the valve is open.
Lastly - I have never noticed any of our MS's get hot. The one on my P6 is in the boot, my Land-rover 90 has it on the rear bulkhead behind the passenger seat, and my Dad's 110 has it in the toolbox under the drivers seat, which is not only small, but lined with sound deadening matting similar to that found under the P6 carpet.
Any questions just let me know! I'm off to take the Red Rocket for its MOT shortly - the first with fuel injection fitted... We'll see what they make of it at the test station!