Well, lets just say that if I can do it, any moron can!
1) You don't really have to know anything about the sensors, just basics on why they are there, and where they go.
2)If your car didn't come with a CAT, don't put one on. It will be a fire hazard. I took off all the EGR and air pump stuff.
3)People get rid of the Optispark because they are expensive to replace. They have an undeserved reputation IMHO. I know of several LT1 cars, well in excess of 100k miles with no OS issues.
4) Don't buy the painless kit. It is way overpriced and with Factory Service manual in hand, you can do it yourself. I don't consider myself to be all that adept at wiring, and although it took me a while, I did it myself and have recently fired the engine.
5) I am using TunerCat software to edit the PCM, and FreeScan to read the trouble codes.
Hope this helps.
Timh