I decided to install an alternate static air valve in my airplane. I figure that for the amount of effort involved, it's cheap insurance against loss of air data due to a drop of rain getting into the static system – see here for a real-world example of why you might want such a thing. Lots of RV builders use a simple fuel drain fitting under the panel as their alt static valve, but (of course) I wanted to use something fancier.
I bought this miniature pneumatic toggle valve for twelve bucks, which is a smoking deal in the aviation world. It works like a SPST switch for air, and the form factor is almost identical to a standard 15/32" electrical switch.
Since the valve wasn't fitted with any kind of anti-rotation mechanism, I used my Dremel to cut a groove in the threads for a keyway washer.
I mounted the valve in the extreme outboard corner of the instrument panel on the pilot's side. It was a little tricky to locate this hole accurately, since the panel frame makes things pretty tight in this area.
To protect against accidental activation of the alt static valve, I put one of those cool spring-loaded switch guards on it. It's fastened to the panel by the nut on the switch body, and I also drilled and tapped holes for a couple of 4-40 screws to improve its resistance to rotation.
These switch guards are so cool. I wish everything had these. A coffee machine, a vacuum cleaner, your iPod – you name it, it becomes more awesome when the switch that turns it on looks like it came out of a T-38 cockpit.
I'll finish plumbing the alt static valve once I get all the rest of the instruments installed. It will be minimally complex – just one extra static air line to run to the valve. Under normal circumstances, the valve is closed and that extra line does nothing. When the switch is flipped, the static system is opened to the cabin. Very simple.