This has been a really helpful thread.  Thanks to everyone who is taking the time to explain howto do this correctly.

I have a question regarding other Daz files.  Are they installed it the same manner as Victoria and Michael?  For example, I have Freak, the Girl, Victoria 4 Morphs ++, Michael 4 Morphs ++, and the Clown Family pack.  Would I create a seperate folder for each or should the go with Michael and Victoria somehow since they are somewhat realted?