Rick,
If you want the closest reading to the actual force needed to bend "X" inches of steel "Y" degrees, the attachment of the meter should be at the mouth of the clamp, not the end as drawn. This is the end of the flexed portion of the blade. The part in the clamp can not flex, so it merely adds to the length, without adding to the flex.
Where the center of rotation is will change the amount of leverage applied to the torque meter, and thus vary the force needed.
The blade is the lever, and the pivot point is the fulcrum.
If the fulcrum is exactly at the point where the blade begins to bend, it measures the amount of force needed to bend the blade. If it is at the end of the rigid fixture, the measurement is different, because you have a longer lever.
It really won't matter, as the measurement numbers are merely a reference number for comparison between similar blades. If the pivot point is the same each time, the readings will be comparative.
If you go with the blade mount in the drawing, I would put the pivot as drawn, because it will be much easier to weld up the socket to the slit bar. This will also keep the plane of the blade closer to the plane of the meter shaft, which will remove another variable - vectors
A alternative blade mount that will be really easy to make, and work better, would be to slot a spark plug socket with two slots that will allow the blade tip to be inserted and the tip will stick out the bottom. Then drill and tap it from the sides for two thumb stud bolts. Take a piece of round UHMW or Micarta that will fit loosely in the socket and cut it in half lengthwise. Slip the blade between the plastic/Micarta to the point where you want it to start the flex, and tighten the bolts to lock in the blade. Basically you build a tiny Moran knife vise with a top and bottom slot.
With the blade locked between the jaws, and the socket snapped on the gauge, it will read a pretty accurate force measurement. Let me know the shaft size of the gauge, and I'll put one together for you. I have everything I need on hand in the shop.