Anything can be done. It's all a matter of how much money and time you're willing to spend.
It'S kinda hard (and I am too lazy) to visualize the box. Draw us a nice little mockup - that'll make checking out your idea a lot easier.
Basically there's 2 scenarios for them:
1) Used with an encoder. Encoders don't have a pointer on the knob and no "status", so you use a LED ring to display where the encoder position is.
2) Used with a pot. When you bank the channels or load a different setup, your pots will remain where they where before, not necessarily showing the right values. A LED ring can help show where they should be or where the software thinks they are.
Mute, Solo, Record, maybe transport status.
You'll have to count. Go to ucapps.de find out how many inputs/outputs you get per AIN/DIN/DOUT module. Count how many modules you'll need, find out how many cores you'll need to connect those modules to.
They will get hotter. If they'll get too hot depends on the current draw. More current draw = more heat.
That doesn't change anything. The generated heat will be split across two vregs, but the overall amount will be the same + a bit. Don't do that.
1.5A should be okk for most boxes. Again it all depends on how many displays, faders, LEDs, ... you have.