Yeah it is very tight in there, I have just gone and modified my engine mounts and trimmed the lip on my firewall to get everything 25mm further back for a bit more room for better fans, fingers crossed it will be worth the effort. I looked into an electric water pump about a year ago and it would definately make way for fan space.. I think the alternator is the only major thing in your road then. I was worried about the reliability of the EWP as a lot of people seem to have trouble with them.
There are a couple of guys up here that have run some fairly serious cosworth powered IP cars with steel cases (obviously power limited by the restrictor) and they have survived. I guess try it with a better input bearing and see how you go. I was told that there are two types of W50 box one of which came out of the twin cam and has a better input bearing. I am not sure of the spec of your turbo or what cams you are running ?
Try to avoid running a smaller clutch, I am not exactly sure what trickery Mark has done to use the cosworth clutch but from my measurements the mounting PCD for the cossie clutch would be bolting into the pinto ring gear rather than the flyweel. I use a custom flywheel with a pinto ring gear/starter etc and I wouldn't recommend it unless you go to a twin plate clutch straight up.. I have had untold trouble with clutches.
Cheers.