On a boat like this the typical setup is to have a "Y-valve" which directs the outflow to either the deck pump out fitting, or to a diaphragm pump or macerator, and then to a below the waterline through hull which can be secured in NDZs. All of this equipment is typically installed under the V berth, keeping the hose runs as short as possible. This was the factory setup on the Pearson 34, Cal 33, and O'day 34/35.
An issue with this is that the line can loose vacuum through the deck fitting and "Y-valve", making it hard to pump out. One solution is to put the pump before the "Y-valve", but you run the risk of someone activating the pump without opening the through hull...
Another solution is to plumb a second pump out fitting into the tank, and eliminate the "Y-valve" entirely, and the likelyhood of vacuum leaks.
One last tidbit to minimize smelly hoses; make sure that any and all hoses are run so that they drain back into the holding tank, or through the through hull.