Mine is hooked to the starter motor. That way, the car can be powered-up, without worrying about someone driving off with it (or killing the battery trying to get it started). Probably not very useful, but I like having the option, if I wanted to listen to the radio or something.
It's installed in the driver's side door frame, at the bottom-front (below the hinge and door light switch). That gives several advantages:
-It's nearly impossible to get to the back of the switch to short it without taking half the car apart.
-The door lock protects the switch, which is especially good for you, since you have a convertible - a thief might slash the top and get in, but now he also has to realize that he should unlock and open the door, to search for the switch, which isn't likely to be his top priority when faced with a car that won't start.
-Opening the door a second time to de-activate the kill switch because you forgot is annoying, and you quickly learn to automaticaly turn that key before even closing the door, which prevents embarassing tries at starting the car with nothing hapenning.
The cheapest method, of course, is the old battery-mounted switch, which will probably foil 90% of the thieves out there.
Joe