There's a Sticky in Injection Section with all the wiring diagrams for the EFI on these 1227747 trucks. But I'm not sure if it goes into detail on safety switch?
http://coloradok5.com/forums/showthread.php?t=302678
But I can tell you it needs Ground in Park/Neutral and Open in gear. This get's you the benefits of high idle when cold and idle drop when put in gear etc.... worst case scenario on a lot of conversions it's just left Open and then in tune I raise the idle for colder temps.
There were more then one aftermarket harness who's instructions clearly stated to ground this wire if no P/N switch could be used!

This makes for horribly idle RPM and never new where it would end up. IAC logic is only in full swing when Not Grounded!