The heat shrink and neon wire cover are both FIRST legal and good ideas. The fan should be aswell. I dont see what you will use the acoustic pad for and the usage dictates its legality as a potential fire hazard if too close to electronics. Aslong as those lights dont interfere with CMU, any other type of sensor or driver visability they should be aswell if wired correctly.
when in doubt refer to the FRC flow Chart
http://www.usfirst.org/uploadedFiles...ot,Rev%20G.pdf on page 19 and the inspection checklists
-Simon