A bit of advice from an engineer. Yes, it's a good idea to put the shunt on the switched side. But, and here's the advice part: a current limiter (aka fuse) should be installed immediately following the battery and immediately following the alternator output. I know these are not commonly shown on drawings, but doing so can prevent fires. Fuel and fumes usually creep along slowly after a tank is breached tank. But if an electrical arc is allowed to continue to burn after an accident, a fire is much more likely to start than if a fuse breaks the connection first. Locating a current limiter (fuse) very near the positive terminal on the battery a good idea. A 400 A current limiter is sufficient for my IO-360's starter. Now I know you might think that the 400 A required to blow the current limiter will create quite a whollop of a spark, but the battery will blow it easily in a direct short to frame. The alternator should be so protected also, but with a 60 A current limiter. Part numbers are ANL-400 and ANL-60. They require a Bussmann 4164 fuse block or equivalent. All this will add about $150 to your project, but your battery is a big source of energy that can ignite things.