What engine is this on?
On my 68 440 you can eliminate all of that mess. Put the dummy light back where it belongs and have the gauge in it's own port. The port that is circled was available, located on the passenger side below the heater hoses. On some RB's of different vintage there is a port on the dirvers side. I'd look around a little bit.
Those 1/8" NPT ports work well enough, unless you've dedicated it to a thermostatic relay ground switch, as many of us do. That's why I like getting that Dorman 902-3012 ( https://www.autozone.com/cooling-he...alast-dorman-water-outlet-902-3012/141721_0_0)
thermostat housing/water inlet I use, drill and tap it for a temperature probe, and roll on with all my thermostatic goodies working in harmony.
I like how it says "Material: Metal"..... what type of metal did you end up with?