I'll throw another vote to the Mechanical Rotary sticks instead of the opticals.
Sure, you can play the games that origiinally used mechanicals with the opticals, and if you never played them much "in the wild", then you probably won't mind. But since you said:
I really would like to use the rotary sticks just because I like the "click click click" as it twists into each position
-I'm going to assume you did play these games back when. I know
I wouldn't play as well without the clicks, and even more importantly, the
feel of rotating an LS-30 to the next position.
This thread:
http://www.arcadecontrols.org/yabbse/index.php?board=1;action=display;threadid=17448contains discussion about the optical vs. rotary debate, and about the advantages/disadvantages of hooking up through a Druin board or directly connecting the rotary switch inputs to you ipac-4. There's also some talk about using Happ Mechanicals instead of LS-30 mechanicals that may apply to you since you're planning to make these your primary sticks for players 3 & 4.
I just scored Druin interface goodness off of ebay, and I have an Ipac-4. I'm planning to wire my LS-30s directly to the ipac, AND to the Druin board, since only some of the games that need LS-30s work with the direct connect method (so far). For the games that won't work with direct connect, I'll use the Druin board. For the ones that
can handle direct input, controls that won't be used during Ikari-type games will also be wired to the rotary output of the LS-30s. Then, either an alternate ipac config or a key remap for those specific games should get it working- I hope.
All of that said, others will disagree with me and reccomend the opticals- and you may agree with them. If you do go that route, the Opti-pac you buy to interface them will allow you to interface your other optical devices through it as well, so you don't have to buy the USB trackballs and spinners. In particular, Happ sells trackballs withoug the USB interface for considerably less, right now these 3" balls are on sale for a ton less than the 3" usb model:
http://www.happcontrols.com/trackballs/56010011.htmYou also have more choices when you go shopping for trackballs & spinners on ebay.
In the end, it's
your project, so you'll have to decide what will make you happiest. Whichever way you go, good luck!