Put it closest to the TB as you can. That way when the BOV releases youll still keep the air flowing smoothly as it releases next to the TB. When you get back on throttle the BOV will close and your intercooler piping will already be filled with cooled air. If you had it closer to the turbo, when the BOV releases and you get back on throttle, youll have a tiny bit of lag as the intercooler and piping have to refil up with air. It isnt noticeable with small ICs like the TurboCoupe top mounts, but when you get to the bigger front mounts like Powerstrokes and stuff, it helps ALOT.
It is also very effective when using it a bypass valve because the air going back into the intake has already been cooled by the intercooler.
By the way, if you don't wanna worry about loosing metered air...get SDS!
Only problem is that it is close to $1000, I chose to go with this route, I love it!