I have decided to upgrade to an IFR panel and am trying to do it on the cheap - so far so good! Any advice, experiences, or gotchas would be appreciated.
I currently have only a K97A comm, Sigtronics SPA 400 intercom and GTX 320A txdr. I am planning to add a KNS 80 RNAV, a NARCO MK-12D, and a KMA 24 (or equivalent) audio panel. The radios and installation kits have been procured. I am still chasing down leads on a King indicator and audio panel.
The goal is to be able to file RNAV with the bulk of the actual nav work done on a 496 or Anywhere Map (not sure which one yet).
My problem now is that I have 10.5 inches of avionics and only 9 inches of panel space

My ' 53B previously had two short stacks of radios on the lower left panel and that space is ready for the new racks. This leaves one of the short pieces (either the K97A or the Txdr) without a home. I also need space for new CBs, the intercom and panel light swithces/dimmers. These CBs and switches are currently mounted on plates in the unused spaces on the lower left panel.
I see two options: One, get rid of the glove box and install the equipment on the lower right side of the panel. This is not my first choice as I would really like to keep the glove box- I like and use it! For those of you that have avionics installed where the glove box goes, what modifications are required prior to installing the racks?
Second, I can mount the Txdr or the audio panel under the panel on the lower left side. I would also install a sub panel for CBs, intercom and panel light controls. Having this extra equipment hanging below the existing dash is not perfect either but may be the best choice. Has anyone had any experience with mounting radios under the panel?
I am also installing a Selkirk glare shield with Aero Enhancement strip lighting. This came with the plane seven years ago (NIB) and I am finally getting around to installing it. I have played with the lights on the bench and I think it will be nice.
Yes, I know that an IFR GPS installation would be the best navigation wise, but I have gotten great deals on this equipment (most from local folks removing it for upgrades themselves). I'll have less money invested in all the new gear than I would spend on a good used low-end IFR GPS ( and I would still need a ground based nav system). The $$ difference will go towards the hand held GPS with satellite weather. I would rather be VFR equipped and have weather than be IFR equipped without it.

Thanks for any info or insight you have to offer.
Bruce