It was pending verification by nexus mod staff. Now it is verified by them and gets approval. If needed, I can post a staff email regarding the subject.
Yes, it is completely safe, the mod manager was put in quarantine automatically due to nexusmods' rules regarding exe/dll. It was removed from quarantine after nexus mod staff approval (which happened on May 13).
Hi, you can place it where you want, you can even keep it on external drive. The important part is setting up the pak folder and all your mods must have its own folder with text (modinfo.txt) file.
-any folder -modbank -myMod (can be any name) blabla.utoc blabla.ucas blabla.pak modinfo.txt
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-any folder
-modbank
-myMod (can be any name)
blabla.utoc
blabla.ucas
blabla.pak
modinfo.txt