Insofar as what thrust-to-weight means, NASA has a
basic definition with comparisons for beginners. As to what thrust to use, OpenRocket uses data directly from ThrustCurve, which provides average thrust, initial thrust, and maximum thrust. So, total weight (including motor) / initial thrust seems to be the correct approach.
As for where to display the information, as neil_w noted, thrust-to-weight is closely associated with acceleration (similar to speed being in ft/s and mach). So, put it next to acceleration in the display window:
View attachment 527403
Thoughts (including how many digits after the decimal)?