Here is my cockpit. I decided on a more universal approach as I play space combat sims like Freespace 2 Open and soon to be Star Citizen as well as some racing. I used a button template overlay system to change labels quickly between sims. It is a work in progress but almost finished.
39" Monitor for primary display
19" monitor for extracted guages
Thrustmaster Warthog with homemade extenstion
Saitek Combat Pro Rudder Pedals
Cliffs of Dover (using VirtualCockit for gauges)
Flaming Cliffs 3 F15C (using Helios for gauges)
IL-2 1946 (using UDPSpeed for gauges)
Freespace 2 Open