i was going to do something similar of my own. i was going an ATX PSU and put a switch on the purple wire to ground. it should work and an ATX PSU will give you a lot more flexibility on wattage output. also you wouldn't need to hook up any sort of anything inside besides what you need.
by the way i like the idea of using a g4 case. i was thinking of using a g4 Cube's case at one point. maybe i'll put my Biege G3 tower to work as a RAID tower. also you might think about doing a LED HDD activity light mod for each of the HDD. here is a good link to use.
good luck
macDeviant
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2.4gHz 15" MacBook Pro, 1.66gHz Core Duo Mac Mini, 2.5gHz G5 QUAD, 733mHz Quicksilver, 450mHz G4 Cube, 700mHz G3 iBook, 350mHz Sawtooth G4, 350mHz Revs. A and B B&W G3, 16mHz Powerbook 100, 8mHz Macitosh Classic.