This is what I THINK - but it's just my opinion and WTFDIK, I'm not Dr. Phil or anything!

Suction housing = inlet housing = gullet = big bent pipe where the water comes up and goes into the bowl.
From a standing start to full speed at WOT, the "pressure" inside the inlet housing will change from a slight vacuum to some amount of positive pressure. How much positive pressure will depend on the complex dynamics of each boat's hull, ride angle, impeller size blah blah. The reason it switches from slight vacuum to positive pressure as the hull picks up speed is because it isn't really a pump after the hull speed gets up around 30+ mph. It's some kind of weird hybrid of a pump + a no-bypass compressor. The inlet water isn't being sucked it's being rammed into the mouth of the impeller.
For the "average" boat that is under 60mph hull speed the maximum inlet pressure probably stays under 50psi - maybe way, way lower. For race boats the max pressure can be anywhere from 30 to 100-ish. I doubt there is even a consensus yet on what is good or bad value for pressure, but the race guys (or the ones who talk about it) seem to say that a successful boat will have a small amount of positive inlet pressure, but not too much. (Then again they could be handing out false info just like in a spy movie!)
There are various opinions on why you have to tap at two locations but on most boats, the pressure is not uniform at the impeller inlet. Some people think it is because of the "shadow" of the drive shaft blocking flow to the top of the inlet mouth. Others say it is because the water near the top of the inlet has a longer distance to flow than from the bottom. And there's the mysterious "boundary layer" which is the region of water near the surface of the hull which is flowing "past" the hull at less than full speed. So monitoring a single location will perhaps tell you the wrong story. If you are trying to use pressure info to "tune" loaders, shoes, ride plate, et cetera than you want to watch what is going on near the impeller mouth and at a "high" and "low" location.