I'm disagreeing with you on an academic level.
It will read the temp of the exhaust minus however much it cooled between the head and the probe. Wherever the probe is at, this is what it reads. This is always the case since the exhaust temp is soooo much hotter than the metal temp, even the metal around the combustion chamber. If the metal in the combustion chamber ever approached the temp of the flame temp...it would melt. The heat just flows so quickly through the metal that it never reaches the temp of the exhaust.
So no matter where you are putting it you get the temp of the exhaust at that point.
All you do is determine how far you are from the combustion chamber and adjust your expectations of exhaust temperature accordingly.
For example, in the clamshell header of the stock exhuast manifold next to the factory O2 sensor I would run 650 C in cruise and approach 850 C under full throttle.
Mounting it in the last set of mild steel pipes I used in the y-collector it would read around 500 C cruise, 700's under full throttle.
Now with stainless piping and full header wrap, the heat is not conducted out of the exhaust that quickly so it retains its heat. I cruise at 600-650 c, Idle at 350 C or so, and full throttle around 800-850 C.
So it doesn't really matter what the temp or location is, assuming it is close to the source of combustion; relatively speaking as compared to the whole length of the exhaust. It matters more that you determine your "Calibration".
The way to do this is to test your car's air fuel with a wideband at cruise, idle, and wot and record the wot measurements at several rpm points.
Then as long as you know that your air fuel is spot on, then the temperature "has meaning" no matter where you put the probe because it will now be your reference temp at that ambient temperature. As long as you don't change the type of pipe, wrapping, or location of the probe. Otherwise you just adjust your expected temps accordingly.
The temperature never remains constant under wot, it will constantly increase as the rpms increase, so he will need to watch how it climbs and learn what is normal.
After having it for a while and knowing what the temps mean, it becomes second nature to know that combustion temps and therefore A/F is correct... just by watching that one gauge.