Dan,
I have the same problem you have, trying to squeeze in a "good" cyclone. I've been through the Onieda stage and Chinese made stage as well as considering cutting a hole in my floor for room.
After talking to Ed from Clear Vue, he told me that if done correctly, I can mount the blower unit off to the side of the cyclone, thus saving valuable ceiling height with minimal performance loss. I'm now in the process of designing a stand the will allow the side mounting of the blower.
After running a HF 2 hp canister DC for about a year, I have come to realize the importance of good "dust to air separation", not to mention CFM from a quality unit. I've studied Bill's reseach several times again and have come to the conclusion that for any after market system to work well you need to be in the 3 1/2-5HP range and $1400 to $2000+ range for cost. Well, Clear Vue is less than $900 delivered.
Now, since I can get one of the best hobby cyclones to fit in my basement shop (with alittle stand design) for less than $900 delivered it makes the choices much easier for me.
My $.02
David