Some good avvice above. I'd also like to add here in hopes it covers the questions posted in some other threads. I personally don't like to see anyone use EGT readings as anything other than a comparitor based on a given well tuned engine. Every engine is different and sees different EGTs. There are too many thing affecting EGTs for there to a very reliable/dead nuts #, just a rule of thumb for a basic/conservative tune in my opinion. As stated about location of the thermocouple...It's distance as well as whether on the inside or outside radius of the pipe will make a very big difference. Also ignition lead, fuel used and whether it's N/A, N2O Supercharged or Turbocharged make big differences. All you are reading is the exhaust temperature at that point in the exhaust system, it by no means it dirrectly correlative to chamber temp. A couple good examples are timing and fuel mixture. late ignition lead (retarded) will send EGTs up, and the tricky one is mixture. Most people think that a lean condition shows more heat. It does tend to and lean definitely sends chaber temps up, but in the case of an overly rich condition the chamber will run cooler, but EGTS will go up due to flame in the pipes in some instances. So the way I do it..Get a tune and read your plugs..Once you have what you want, note the EGT readings that you can use as a baseline/comparitor. Now when you see it go out of range, you have a good indicator to go by....JMO
Felber