I'm still a noob so you should take this with a grain of salt, but I just recently did this upgrade on my A/C equipped GT. I used the 45 degree fittings so it lays horizontal underneath the A/C compressor. There is no belt on it currently and I had to swing it out of the way to give myself a little room to work, but it seems to me that it can swing back down pretty far without interfering with the sending unit. Again, my belt is not on so I don't know how close it is to the block when the belt is tight, but once the fittings and unit are in there it looked to me that there was enough room where nothing is going to interfere.
Edit: If you do it this way, make sure you get the right thread sealer and put plenty on the threads of the fittings. It's kind of a pain to get everything threaded in and lined up, it's worse to have to do it again because it was leaking. Learned that the hard way!
[This message has been edited by Leukay (edited 01-20-2014).]