If you put it on the same side make sure that it is more or less as you positioned it, that is to say slightly offset, not directly below. You will probably find that the script is at a slightly different angle to that of the Morgan script, at least it is with the Plus 4 script, and it looks strange if it is directly below. In any case it looks as though you must offset it because of the spare wheel.
I would vote for both on the same side as shown in your first photo.
Here is mine plus the alternative I decided was better after I had fitted it.
http://www.talkmorgan.com/ubbthreads.php/galleries/91757#Post91757