Wideband O2 install and use... tips?

I have my 360 mag up and running and ready to fine tune it. I have had this Innovate Motorsports LC1 Wideband I have had forever and never installed so figure now is a perfect time to use it. Im working with a edelbrock 1406 at the moment.

My plan is to install the O2 on the drivers side pipe behind the collector 8-10 inches (per the instructions) clocked somewhere north of 3 o clock, run the wires into the cabin forward of that and wire it up to the gauge and controller I got from them.

Any tips on reading and tuning this thing once I get it set up? It seems like it would be way easier to use on a car with an ECU because you can edit the new school way via fuel trims in the computer.

Any tips on idle, cruise and WOT readings I should see would be much appreciated.

innovate-lc1.jpg 71bwNpGP6iL._SL1500_.jpg