The base map that Garmin installs on the machine needs to be supplemented with a detailed map for the areas you are going to ride in. I'm in the UK and use one of Garmin's City Navigator series. These have details of all the national roads. I'd guess you'd want the same thing for your particular country.
As regards mounting, I can't help with specific FSA info but personally I wouldn't mount it further forward than the stem, simply because it makes it easy to read. If you have a decent amount of info on the screen the text can get a bit small, and you'll want it as close to you as possible to make sure you can read it quickly and not have to stare at it to pick things out. We all know what that could lead to......
You'll enjoy the 705. Use with Garmin Connect it's a great bit of kit.