Absolutely ! If the gauge housing isn't chassis grounded the voltage limiter will seek a ground , fry a board, some gauges, self destruct.
I have a board here I'm repairing for another menber that experienced just that. He fryed more than this one board while playing with a panel out of the dash and hanging from the wires.
And as far as seeing no place for a ground wire... very little of these cars has a ground wire. Its mostly and eventually ALL chassis grounded through the metal bolts and screws.