Sorry, I was speaking about the recess to keep the trackball high enough - the bottom side recess. I reread the post and realized he was speaking about the top side recess (for the mounting plate). I was working off of GameOver's post. Sorry about that!
As far as the 1/8" thick top recess, yes I agree you would need the hands of a Jedi Master to do it without a template. Have you thought yet about what the layers will be? Meaning, when the mounting plate is recessed, are you going to cover the entire CP with Lexan? In that case, you can cut the shape of the mounting plate out of Lexan, and use that for your recess. Or, you could keep the mounting plate above the lexan, which for me is not a problem.. For others, it is.
Sorry again to all for not reading carefully enough!