Just like everything else, there's no perfect solution and boats (just like real life) are all about compromises and what works best for the individual. No water will always be a problem and something to be aware of and catch as soon as possible. If you happen to be looking at a pressure guage, you'll probably be OK. But if you're watching other boats navigating a busy channel or looking at a fishfinder concentrating on something else, there's still the risk it will be noticed after the fact. But then again, maybe not. But, better to have it than not have it.
I use the guage just as you indicated...to spot a trend and what it reads today happens to match my thermostat open temp. It didn't have to work out that way, but the guage, sender and thermostat all seem to agree so it's probably accurate at that point. Anything beyond that is subjective.
The kit I installed uses senders that are screwed into a hole in the top of each cylinder head that originally only had a plug bolt. This puts the sender in the water jacket at the top cylinder of each head. The original Yamaha thermoswitches are still in place and operational so in a sense, I have an early warning system before my red line alarm goes off....as long as I remember to look at the guage. My intent is to use it as a tool. Are both cylinder heads hot? Or is it just 1 side overheating? I got caught with that problem when I overheated doing my spring startup and the water passage in my starboard thermostat housing was blocked with sand, but port side was was OK. Cleaning both out at the time seemed like the right thing to do, but if it's something I need to do on the water to get me home I'll know what I'm looking for.
JS