the wide bands dont need to be close to the turbo for the heat as they are heated, they measure gases which will be the same at any point of the exhaust unless there is a leak in the system, hence why shop tuners with rolling roads just insert the probe in the muffler.
i have tried one of the clamps for the exhaust muffler and have really dont like them, the first full throttle run i had out it came loose, i had to keep on tightening it every run, the one time i didn't tighten it it flew out the exhaust and smashed the rear lights. could be sorted with a locking nut but the reading weren't all that great either, again could be sorted by extendingthe probe tube but then why buy something that you need to modify to get it to work right?
according to the EMU manual, it implies that for resonant sensors you use the "normal" setting, whereas for non-resonant sensors, you need to know the target voltage and select it. 7.66 possibly if whats said is right and if there is a target then it's a non-resonant sensor.
personally i use a set of det can's, the ears can tell the differences between sounds, computers just read voltage, det cans can also help you find out if there is something wrong with your car as it acts like an electronic stethascope (sp?)