I'm in the process of doing mine. Honestly, coming out of the top was way easier. There was plenty of room if I pushed the PS pump out of the way. No, I didn't have to remove that splash guard in the fender well. But, unclipping the hoses in the area gives you a little more flexibility.
Thanks for the info ... when I eventually have to replace the original alternator I'll try going out the top because the bottom was a real pain ... turned out that the battery needed replaced and there was a thick uniform coating of corrosion on the inside of the negative battery clamp ... I didn't see this originally because it was so uniform and my eyes aren't what they used to be ... the corrosion was tougher to remove than other corrosion I've wire brushed off in the past ... I had to use the sharp edge of a small electronics flat bladed screwdriver to scrape the corrosion off and out of those vertical slots around the inside of the clamp. I checked the brushes on the alternator (based on someone's recommendation) and blew/shook the carbon dust out and reinstalled the originals since they seemed to have plenty of length remaining. All appears well now.