Sandisk Extreme 480GB SSD on Macbook Pro 15 inch mid 2012

Cruzmisl, I apologize in advance for my naivity.  So putting it back in the machine is easy enough.  My question is how do I boot off the lion install disk?  Or should I put the original hard drive on the adaptor and boot it off of that and then go into disk utility to see if it recognizes the ssd. 

Secondly,  How would I set up a GUID partition table?  and once that is done I assume just start it up again hitting the option key and reinstalling it that way on the ssd?

Thanks again and I respectfully await your response.