I would pipe directly to HPT. It will be easier to just do it direct and you have more freedom of movement to set your own custom formula with that versus doing a semi-ghetto rig through another sensors circuit.
The IATS does not have a polarity since it is just a thermistor. You can hook up either pole to your 5v feed wire and send the other pole to your HPT MPVI to log. All resistors, except the diode kind and possibly a few others I am not thinking about, are not polarized.
I made a Powerpoint slide a while back for the different IATS resistance values at different temperatures for some nitrous timing tuner box stuff I was building then but it will work for you too. Between this and the voltage table also in the powerpoint it should give you all the information to set your formula up in HPT VCM Scanner. Let me know if you don't have Microsoft Office and I will convert it for you. I attached a few pictures from the slides that you may find most helpful. The regular calibration data that comes with the GM external IATS is:
Temperature Ohms
48 degrees F 7000
87 degrees F 1930
146 degrees F 560
The following IATS calibration tables are from the tunefile calibrations in those car's just to be used as examples. The last table that appears fuzzy is a Ford IATS calibration table whose IATS reads different resistance per a given temperature. But since their IATS operates off of 5v ref you can use the resistance and resulting voltage values at said resistance to set your formula for your GM IATS logging.