18' livewell conversion

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Thinking of adding a livewell under the leaning post on the 18 to eliminate the wet feet sydrome.
Anyone on here done that?
What are any problems I should be aware of (bulkheads in the way and such)?

My thinking is to close off the floor well (but leave the drain and use it for a wet compartment for nets and such).

Run the existing plumbing up front of it and come up thru the floor into the post/well.

Here's a pic of the post.