I don't see a huge benefit in monitoring the temp of the MLT wort outflow vs. having a probe pierced into the gut of the mash for "average" temp monitoring. I suppose either one will give you an idea of what temp the mash is. Perhaps the one benefit of sampling the outflow is that the probe doesn't get in the way of the mash paddle.
I've seen plenty of RIMS and HERMS rigs that don't even have a permanent mash temp probe. Once you learn your system's heat losses, you'll know how hot the HEX output needs to be to maintain a certain average mash temp. This can be discovered by using a handheld digital thermo in the learning process.
I don't think there's anything wrong with having that extra temp display in a robust, slightly overbuilt control panel if you're not trying to cut the budget.
The easiest way to implement it that I can figure is to put a Tee on the bottom drain such that the "tap" side of the tee is facing up, the RTD or thermocouple is threaded into the back of the tee, and the front of the tee leads to the front of your rig into the ball valve. IOW, it doesn't have to be cumbersome and sticking out of your rig.