After more reading, I've clued into one very specific, subtle yet important fact which remains in question.
Do you have have the GP Wiz 49 and it's software to limit a 49 way to the basic 4 way, 8way, diagonal modes?
If so, I'd better get myself a GPWiz49 when I'm ordering parts.
...And, is there an optical rotary interface addon kit available? I thought I'd be able to get away with an Ipac and an Optipac. I could put the optical rotaries and the trackball through the optipac. But if the GPwiz replaces the Ipac, can I sitll use an optipac (with a power supply since it gets it's power from the ipac)