I would take the base off and see how much space you really need. Chances are, you can take just the top part off... use a router under some MDF to clear and make it work.
The big question is if you can get the handle off... If not, you will want to have that be part of the control panel itself... IE route so that the whole thing just fits in so you loose a 1/3" of the height at the edges. Then use a boot like mentioned above to hide whats showing under it.
But basically I would take it apart and look to see how much space you really have.