while the glow plug light LOOKS like it works, it isn't fully working. in immo2/3 clusters, the GP is controlled by the cluster, with the cluster doing the calculations for how long the light should be on. in 99.5, this is done by the ECU. while they will be on the same amount of time, using an immo2/3 cluster in a 99.5 will not allow the ECU to control the light for faults, and will, in fact, throw a code for "no GP light present."
similar things need to be done to the SRS and CEL lights as well.
if the cluster sees no coil at all, it simply throws a code in the 'Instruments' section, and turns the immo light on. if there is an improper key / no key (with a coil present) THEN it will flash and beep. simply removing the LED lets the cluster be used in a 99.5 with no noticeable issues.