The 94/95's have the 4 bolt mounting plate yes? Not sure how you're puttig that in the fenderwel, but when i first read your question about which way it should face, i thought you meant which way for the sensor to face to take in air... ha.
I had a pro-m in the driver's fender of my 95, no problems - but that's not what you're talking about here (as stated pro-m's np in the fender).
a stock 94/95 meter - you're only moving it about 8-10 inches, i wouldn't think there'd be any issues. For that I wouldn't even think that you'd have to splice any wires...
hopefully someone can chime in who's done something closer to what you're proposing.
I had a pro-m in the driver's fender of my 95, no problems - but that's not what you're talking about here (as stated pro-m's np in the fender).
a stock 94/95 meter - you're only moving it about 8-10 inches, i wouldn't think there'd be any issues. For that I wouldn't even think that you'd have to splice any wires...
hopefully someone can chime in who's done something closer to what you're proposing.
i don't want to say it will most definitely work fine on your car. like i said with mine, it seems to be working fine, but i haven't verified where my a/f is at. it idles well and pulls like a raped ape though, so that's a good sign. i can smell gas so it might be running rich. nothing i can't fix though. the past two times i had it on a dyno, my a/f was at 10.x:1, but both times i had 24 lb injectors and a 75mm proflow (old pro-m) mass air meter. also on the first session i had a bbk cold air kit, the second time i had the factory intake tube and airbox with a drop in k&n. i'm pretty sure that maf sensor was bad though, i bought it used off ebay. my current sn95 maf i bought re-manufactured from autozone. i pulled it out of the box and it was an original ford housing with ford electronics on it too!