No new holes were required. I have two water tanks that are connected through a valve manifold. I put a "T" in the common line from the manifold, which is below the level of the tank bottoms. I connected the sight glass to the "T." It reads whichever tank is in use. Most of the time we have the tanks tied together, so the level in them is the same -- they are on the same level -- one on each side of the
boat.
It's important to note that the top of the sight glass must be open in order to
work. To avoid losing water from it when we're heeled, I connected the top to the vent line on one of the tanks.