I hacked the registry info into the appropriate FSX:SE key location. All that was present was just the key Flight Simulator - Steam Edition in HKEY_CURRENT_USER\Software\Microsoft\Microsoft Games\ so I added the AppPath key myself and set it to C:\Steam\SteamApps\common\FSX
When I ran the installer as administrator again, this what I the log showed:
Installer for FSUIPC4.DLL version 4.939n
Looking in registry for FSX install path:
HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Microsoft Games\Flight Simulator\10.0
Parameter"SetupPath"
... >>> OK! FOUND FSX! <<< ...
SetupPath=C:\Microsoft Flight Simulator X\
Looking in registry for FSX-SE install path:
HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Microsoft Games\Flight Simulator - Steam Edition\10.0
Parameter"SetupPath"
Not there, so looking in:
HKEY_CURRENT_USER\SOFTWARE\Microsoft\Microsoft Games\Flight Simulator - Steam Edition\10.0
Parameter"AppPath"
... >>> OK! FOUND FSX-SE! <<< ...
AppPath=C:\Steam\SteamApps\common\FSX
Looking in registry for Prepar3D v1 install path:
HKEY_LOCAL_MACHINE\SOFTWARE\LockheedMartin\Prepar3D
Parameter"SetupPath"
Not there, so looking in:
HKEY_CURRENT_USER\SOFTWARE\LockheedMartin\Prepar3D
Parameter"AppPath"
... NOT found! ...
Looking in registry for Prepar3D v2 install path:
HKEY_LOCAL_MACHINE\SOFTWARE\Lockheed Martin\Prepar3D v2
Parameter"SetupPath"
Not there, so looking in:
HKEY_CURRENT_USER\SOFTWARE\Lockheed Martin\Prepar3D v2
Parameter"AppPath"
... NOT found! ...
Not certain if what I did was correct but it appears so based upon the FSX registry entry. As well, once I started up FSX:SE, I was prompted to load the FSUIPC4.DLL module and I verified it is registered.