taking into account effects from mixer - there is too much space taken by sound sources and ways to play
atlantis is huge, utsa is huge
unless these are both must haves - consider dropping one or both - definitely consider keeping only one of utsa and fh-1
modulation is ok for this size case (Maths and pams) but more utilities needed to leverage them into enough for all modules
do you really need steppy? (pams can do a lot)
the MMF is tiny and may be difficult to get to especially if you have medium sized or above fingers
Blinds - are you sure you want a vca that doesn't fully close - it's difficult to dial in exactly 0 - as a starter I would recommend a simpler quad cascading vca - such as Veils (if you desperately want a ring mod - get a small one after freeing some space)
Do you really need 2 * row power - iirc the 40 should be able to power 2 rows - or get a better power solution
Utility modules are the inexpensive dull polish that make the expensive shiny modules, actually shine and stops them from tarnishing - switches, attenuators, mixers, mults, offsets, etc etc
and yes I can hear you going - but I've got Maths and Shades for that!! Treat Maths as Maths it is a complex modulation source - not just a collection of utilities strapped to a pair of function generators - see the Maths Illustrated Guide - between them they are a great start - if you can fit them in in a later iteration of this rack - I would add links and kinks (great starter utility set) and a matrix mixer
"some of the best base-level info to remember can be found in Jim's sigfile" @Lugia
Utility modules are the dull polish that makes the shiny modules actually shine!!!
sound sources < sound modifiers < modulation sources < utilities