no you dont bypass the thermotime switch, that wont work. you need to take the wire from the 5th injector out of the plug and earth it, that will rule out the thermoswitch. basically its the path to ground for the 5th injector, it earths the wire thru itself to the block. the 2nd wire is a heater which is fed from the starter cranking live, so the path to ground is broken if it cranks over for ages, so as to not flood the engine.
apart from that your diagram above is correct, next step would be to test if the 2nd terminal on the starter actually goes live when cranking, use a test light if you dont ahve a starter motor. 1 terminal to the starter, the other to earth somewhere.
to bridge 5th injectro, put 1 wire to battery +ve, and the other to battery -ve. crank it over and it should spray fuel, if there isnt enough pressure in the lines already when you bridge it
