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SQL Named Instance Monitoring

I have been looking for the best way to monitor SQL named instances and I have read several Thwack posts that suggest how to do this.  I just want to make sure that my understanding is clear after having read those:

For each named instance on a system I will need to use one of the SQL Performance templates and specify the instance name for each component individually?

Assuming that is the case, I will need to modify approximately 34 components in the application specifying the instance for each instance of SQL.  So if I have 3 instances that will be 102 components (34 components x 3 instances) that need to be modified in total?

If so, is there a more efficient way to accomplish this?

Thanks in advance for any feedback on this!