OK, I'm doing this from memory, so you guys double check me to make sure I didn't forget anything.
Here are the steps for a caliper change:
1. First, disconnect the sensors and remove the pads using the pad change DIY.
2. Loosen the two hex head bolts that hold the caliper to the wheel hub. I think these require a 10mm hex head socket. I recommend a 1/2" Snap-On socket because the 3/8" ones you get at Sears will sometimes snap when trying to loosen the bolt. You'll also need a big breaker bar to break the bolt loose.
3. Before completely removing the 2 bolts from the wheel hub, remove the 10mm bolt that secures the front brake line to the wheel hub. Note: this step is only required for the front calipers.
4. Have a short bungee handy so that you can hang the caliper from the spring so that the brake line doesn't crimp. Finish removing the 2 hex head bolts and hang the caliper using the bungee.
5. Before removing the brake line from the caliper, you may want to pick up some rubber brake line plugs from the local auto parts store. Plugging the line once you remove it will help minimize the amount of brake fluid you spill on the garage floor.
6. To remove the brake line from the old caliper you need a flare end or line wrench, either 10mm or 11mm, I can't remember which. A flare end wrench is a special type of open end wrench that wraps around 5 sides of the fitting so you don't strip it. Don't cheap out and try to do this with a regular open end wrench. You will surely strip at least one brake line and getting that fixed will cost a lot more than buying the right tool in the first place.
7. Loosen the brake line fitting where it connects to the caliper with the flare end wrench.
8. Remove the fitting and plug the end with a rubber plug to keep it from dripping all over.
9. Remove the old caliper.
10. Mount the new caliper on the wheel hub by just starting the 2 hex head bolts. Before inserting the bolts, coat the threads lightly with anti-seize compound. BTW, I think Porsche recommends replacing these bolts when replacing the caliper as they are only designed to be torqued once. I have reused them without problem but I wanted you to know what Porsche recommends.
11. Unplug the brake line and connect it to the new caliper. Tighten the fitting with the flare end wrench to 9 ft lbs, which isn't much. You probably can't get a torque wrench onto the fitting, so just snug it and make sure not to over torque it.
12. Screw the hex head bolts in the rest of the way to the hub and torque them to 63 ft lbs.
13. Reconnect the 10mm bolt that secures the front brake line to the wheel hub. Again, this step is for the front brakes only.
14. Replace the pads and sensors per the DIY.
15. Bleed the brakes. For a caliper change, I usually go around twice, just to make sure I get all the air out. You also should tap the calipers with a rubber mallet while bleeds to loosen up any air bubbles. Also check the brake line fittings to make sure there are no leaks while the system is under pressure.
16. Before moving the car, make sure you start it and pump the brake pedal until you get a hard pedal. DO NOT forget this step or you can end up running into something.
OK, so what did I miss?
BTW, if you find any of this confusing or don't want to invest in the proper tools, skip it and get a professional to do the swap. The last thing you need is to screw up your brakes and get in an accident as a result. If you're the least bit unsure, it is safer to have a knowledgeable pro do it.
Karl