I suggest you Off Axis Guide with a large pixel mono guidecam, eg 5um, Binned X2 for sensitivity and image scale.
For the 700mm focal length APM with the mini guide scope, the 5um pixel camera will give an image scale of 7.93 arcsec/pixel, which the PHD2 guys will probably say is too much.
A 2.4um or 3.75um camera would be better.
Or even better would be a proper 240mm focal length guidescope with the 5um camera.
Michael