I've thought about using the stealth shift option with the Ipac. The only problem I have is I'm not sure what ratings (voltage / amperage) the componets should be (diodes, caps) . I'm planning on ordering through newark, but before I did I wanted to make sure I got the right stuff. 
For those unfamiliar with it, there's also information at 
http://www.mameworld.net/tigerheli/encoder/shiftkeys.htmI don't know the component ratings required.  I would think they would be minimal, but it wouldn't be a bad idea to contact Andy Warne at 
www.ultimarc.com and ask.
And I would like to emphasize that the following from my page still applies:
Remember that pressing a shifted button causes all the buttons to send their shifted inputs.  Therefore, if you use this method, I recommend that all keys that will not have a specific shifted function be programmed to send the same value shifted and unshifted.  And the less shifted inputs you have, the less problems you will have, but it is a very useful feature.