I did the exact thing you are looking to do.
Perhaps you've already fitted something.
I have a 1999 130hp v4. Carburated. Still with VRO.
I too did not trust the normally open circuits on the factory fitted over temperature switches. Due to broken or accidentally disconnected wire rendering alert function useless.
I used a very cheap device (x2). 1 for each head. They cost about $10 each.
Digital display using a NTC temp sensor.
Epoxy and drilled brass thread blind bung into the 1/8 tapped holes adjacent to each thermostat housing.
Works well.
I set the display inbuilt alarms at 85degC.
I am however upgrading this system through our winter (in New Zealand).
New system is 8" sunlight readable display raspberry pi based with wifi comms to a cluster of senders in the power head.
Senders are...
2x head Temps.
Exhaust gas temp, this is the fastest way to read you have ANY issue with over heating (see scream and fly forums).
Water pressure
The cluster of instruments in the power head might also have each cylinder head temp reading from spark plug fitted NTC senders.
A means to measure oil delivery.
Being either. VRO pump oil side piston pulses. Or vacuum (negative pressure) in the oil line.
This project will cost approximately $400 nzd. Which is approx $200 usd.
Once completed I will post it on forums.