Hi Stephxi
Here is the module(kit form) for each channel
JLM Audio Shop
Joe told me he gets his switches custom made and are very high quality with gold connectors.
Also a 48volt supply is need to supply 48v to the individual modules.
It is possible to drill the holes on the back Akai and install each of the 12 modules. You would just have to switch from the back as there doesn't seem to be enough room to mount them to the top of the channel strips.
You may be able to just mount a small led on each of the channel strips to indicate when the 48volt option is engaged.
Because of the way I have designed and built the studio desk that houses the Akai I can mount all the modules behind the aluminum strip so that all the switches and light will be directly above each channel strip which is very convenient.

Click on the above image to see a larger view.
The other option is to create a 1U 19" rack with all the modules and switches and have a small multi core back to the Akai. This could also house the 48v power supply.
The only problem with mounting all my 48volt, phase reverse and pad to my desk in this position is that it will block access to plug into the LINE, ACC Receive and Send 6.5 jack plugs.
I spoke with Joe regarding this and we are going to relocate all of these via internally tapping onto all of the said jack plugs and wire them to a Dsub's that I will mount on the back of the Akai which means I can run a loom to an outboard patchbay.
I will also Dsub all the mic inputs so they will be accessed via the patch bay.
That means I will never have to connect anything directly from the back of the Akai, just the patchbay. Pretty cool. It really brings the Akai up into more of a studio desk configuration. More user friendly and neat.
Modding and using old audio equipment is not for the faint hearted but if there is purpose behind it, time and a passion it is very rewarding. All the knowledge to get these desks up and running beautifully is out there. Not only that but if something comes up that you have to address it's normally not a big deal because you have educated and toyed around enough with it to workout the solution.
This guy completly restored his Akai MG1214 from a water damaged wreck in Brazil
Mesa Akai MG 1214 Reforma - YouTube