Not a bad idea, that...and it opens up another 6hp. For that hole, I'd be inclined to go for something the M32 doesn't exactly have. and if it were my money, and given the music choice here, I think you might find Intellijel's muMod an interesting candidate. Not yr avg ringmod, this thing (it's actually a quadrant multiplier)...capable of a few extra tricks, plus it gives you separate outputs for 'sum' and 'difference', normally used as logical functions but definitely has 'abuse potential' for frequency-shift-type behavior, weird VCA-ish activity, amplitude-modulation strangeness, and so on.