OK I'd like to say a few things about whiskey compasses. Do you really need one? I know it looks salty, but are you really going to set a course by a compass? Are you willing to have the compass swung annually? Will you make sure that there is no metal or electric current fields that will create significant compass error? Could one not put a GPS up and select the big numbers and have a better compass? Does standing to one side create a deviation anyway?
When you cut a large hole in the coaming, it weakens the hull and potentially creates a leakage problem. OK a lot of boats have them. Just some other things to think about. I don't need to explain how superior a course set with a GPS is, do I?
As far as racing goes, I can see all of the marks on a course before I even start. Buoy racing, as our club does it, is over a course of a few miles between legs of a triangle. Upwind, crosswind and downwind legs are created this way. No need for a compass.
Ok, That all makes sense for YOU, in Your area, and Your experience level.
But, IMHO, it is much wiser, for the OP to have a compass aboard, and consider electronic aids as extras. plus, my hand held gps, compass mode is only accurate when laying flat.
I really like the bulkhead mounting, with the built in Inclinometer and the side reference lines to hold course, its very helpful. Especially at night with its red light, vs having my eyes down on a gps..
and the bulkhead is fairly rigid, that one of the few areas on the boat that doesn't seem to flex... and I don't like the surface mount types since they seem to snag lines. and inside the cabin is doomed for magnetic interference. so I don't know where better to mount one than the bulkhead.
But 9" thick!!!

WoW, how big a hole are you going to cut?
Can you return or sell your version and get a smaller model?
If I were going to get a compass today, this is what I'd choose.
http://www.westmarine.com/webapp/wc...?&cid=chanintel&ci_src=14110944&ci_sku=403944
OTOH, if you never sail out of sight of land, or in fog or rain. then I'd skip it entirely.