Andy:
JJ had it right: connect your new valve into the circuit where it is most convenient. If you can avoid disturbing metal lines, so much the better. If it is properly configured, the Woods block is probably the best solution.
I don't think the port you uncovered on the top of the FEL valve is power beyond for several reasons: 1. You said the tractor had one rear remote, which suggests that it feeds from the FEL valve, and if so it is almost certain that the FEL valve already has power beyond and that there is a power beyond line going from the FEL valve to the distribution block you show below the footrest (if there is already one power beyond line leaving the FEL valve, you can TEE into it to create a second one); 2. even if there is no remote, the three point hitch surely feeds from the FEL valve, and that alone suggests power beyond in the FEL valve; 3. if that were a power beyond port, it would have been connected to the hydraulic distribution block or perhaps TPH with a line. It is possible, though very unlikely, that the FEL valve is designed for power beyond but does not have it; if so and you can find how to add power beyond (usually by installing a special fitting in the port or a pipe plug inside the port), then you can create power beyond.
I am not sure the hydraulic block you got from Woods is designed for power beyond. Many of the frame mount backhoes do not have a power beyond valve (or at least do not activate power beyond in their valves) so that only two hoses are needed to hook up the backhoe; that is because the only hydraulic valve downstream of the backhoe is the TPH, which is not used while the BH is attached. So you may find that the Woods hydraulic block has only two ports; if so, it is not suitable alone for power beyond which, as JJ said, is necessary for your new Prince valve. If the Woods block is two port, the port that would have gone to the inlet on the BH valve will go to the inlet on your Prince valve, and the port that would have gone to the outlet on the BH valve will have to go to the power beyond port on the Prince valve because that port on the Woods block is the source of high pressure fluid for the TPH from the BH valve if there were one, or in your case from the new Prince valve.
That means you will have to connect (a TEE is fine) the outlet port on the Prince valve into a line on the tractor that feeds directly into the tank/reservoir. There should be a tank line available at the OEM remote valve. One of the two lines on the hydraulic block going to the rear of the tractor (probably to the OEM remote) should be a tank line and the other line should be a power beyond line. And there should be a tank line between the FEL valve and the hydraulic block.
If the lines are not marked, you can determine which is which by feel. When the tractor is running, but all valves are in neutral (FEL, OEM remote), the hydraulic fluid flows only through the power beyond lines; it reaches the tank through the TPH valve. Therefore, if you start the tractor and feel the lines as the hydraulic fluid warms, the lines that get warm are the power beyond lines. THe lines that remain at air temperature (until the general activity of the tractor warms everything up a bit) will be the tank lines.
For a check, if the FEL valve has a float setting, when you select float on most valves the fluid is directed to the line going to the tank. At that point, the power beyond line will begin to cool (because no fluid is flowing through it) and the tank line will begin to warm. IF there is no float position, you can accomplish almost the same thing by constantly raising and lowering the booms on the loader; while that is happening all the flow out of the FEL valve is through the tank circuit and almost none is flowing through the power beyond circuit, so the tank lines will be much warmer than the power beyond lines.
Good luck and keep us posted.