I think it still works. I have the molded plastic panel also and I think mine looks pretty good. You can choose to flush mount it or cut out to recess it. I choose to flush mount it and it looks like it is supposed to be there. I'll try to take a pic if I work on the boat this weekend.
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2008 MOBIUS LSV - Acme 1847, GIII w/1100lbs Vdrive, IBS, PPSG, Wake plate, Z-5, Kenwood 700U, Kenwood Kca-RC107MR , Exile SXT65, Kicker 700.5, Kicker 350.4, Polk MM651, JL 13.5 Thin-Line Sub.