Great guide/FAQ!
Wish I'd have discovered this before I learned a lot of these lessons for myself.
The most important things about installing Mods in GTA is, first, always backup files before you install the mod, even if it's a previously modded file! It's easier to go back than to have to re-edit files, especially with vehicles.meta and carvariations.meta!
Second, don't give up, if a Mod is not working triple check that you've done everything in the directions, that often includes opening the files in OpenIV's viewers again to make sure the changes are there, I have had times personally where I thought the file copied successfully, but actually didn't and caused the mod to not work since a file was not changed.
Lastly, don't forget to read the mod page comments before you try installing a mod and again if you have issues. I've had several cases where a "broken" mod was fixed by a commenter and if you didn't read the comments first you may just assume its broken and give up or waste time trying to fix it yourself again!