How much room is there between the valve cover and the hood? The cylindrical barrel intercooler doesn't seem like it would fit as well something with a 3" x 12" x 12" core, which would be the minimum size I would use.
The most common mistake I see when it comes to air to water intercoolers (AWICs) is people using intercoolers that are way too small. They seem to think AWICs defy physics allowing the use of wee baby size intercoolers. That is not the case.
A 12H-T is a relatively low RPM and low boost setup. So your intercooler doesn't need to be huge, but you don't want to make it any smaller than you would an air-to-air setup. The added heat exchanger, pump, hoses, and wiring do add quite a bit of complexity and COST by the time you're done.
For an on-road/highway DD rig, a good size front mounted air-to-air intercooler is more simple and going to be better unless you jam a real good size AWIC under the hood.
For a slow offroad rig, I like the simplicity of no intercooler. If you want more low end torque, then get a variable geometry turbo. If find your EGTs are spiking higher than you'd like, then add water injection. If you find yourself running out of water too often, then add an AWIC.
If you want to put an AWIC on because they're cool (I did on my last car), then don't make the mistake of undersizing it.