I finally got ahold of the previous owner and to plumb it in and found out I need to drill a new hole into my stock tank and use a fitting that has a rubber grommet to seal around the new fitting like they used on some old Cats. After thinking about it, this makes alot more sense than a T in the fuel line going to the throttle bodies since that line is pressurized..
This tank was made for some racers running in the Iron Dog here in Alaska. They had very good luck with it and no issues to speak of, which says quite a bit since it is quite a grueling race. However, you do bring up some good points that it could be a fire hazard. The heat from the exhaust doesn't bother me so much as any fuel possibly leaking out of the vent and somehow getting close enough to the can.
The tank holds about 3.4 gallons and I like the idea of having the weight of the fuel more centralized rather than sitting on the back of my tunnel. I have always had plenty of fuel on previous seasons riding in Montana but here in Alaska, it can be a long ways between fueling stops. I have a friend's cabin that we ride into and it is 70 miles one way in. There are villages to get fuel, but since I am running a big bore, I am a little leary of the quality of fuel at these places and how long it has been sitting there so I try to minimize the amount that I buy.
Needless to say, I'm still on the fence whether it is worth it for a couple long rides a year when most of the time a 2.5 gal can on the tunnel is enough. I don't know about anybody else but the mileage on my M7-8 is pretty poor. I've burned through a full tank plus 2.5 gal in 87 miles and had to get towed 1/4 mile to the truck.