Classic CCV (range rover classic) power steering resevoir

Hi,
I've got a new (to me) CCV V8, most parts and engine are from a RR classic). The power steering resevoir is located in a really bad position and the tank itself is in very poor condition. I plan to replace it with the tank pictured below, is someone able to help with a couple of basic questions ?!

* Is there any reason why this new tank wouldn't work ?

* Does the tank need to be fitted at a certain height for any reason (like a header tank), or can it go anywhere ?

* The current system has two equally sized hoses going to the resevoir. The new tank has one connection smaller than the other. Is it ok to reduce the existing hose at the end to fit the new tank ? I'm guessing the new tank functions slightly differently to the old one. Do I need to hunt for a different tank ?

Thanks all

That’s looks a standard power steering res for most LR/RR.
Unsure how far you can locate from steering box most are above the box. As the flow from box goes direct into this.
Mount higher than the pump.

Thanks for the reply.

One hose connector on the new tank is smaller than the other. How do I deal with that ? The two hoses that connect to the existing tank are both the same diameter. Is it OK to put a reducer on one hose end ?

Cheers.