I just installed a 3800 last night, and let me tell you, this thing is a work of art. Love it! For the life of me, I can't really figure out why the first door openers were not of this design? Really, it just seems SOOO much more straightforward to me than the old center hung chain drives. I'm sold, never buy anything else.
(I know, I know, needs torsion springs, won't work with extensions, single, blah blah blah, you get my point)
Seriously though, one fine product and I very rarely shill. Andy and others are right on the drum size, it's a wall spacing and limit issue, but yours will probably work just fine. If you have the depth to centerline of the shaft, you should be good to go. Worst case is the upper limit stops just shy of where you'd want to be, but I seriously doubt it.
As for shimming out the slack monitor to put it in the middle of it's travel, you'd be going the wrong way if I'm understanding you correctly. You would have to recess it into the wall to get it in the middle, but then it may not completely collapse when it needs to. But honestly, I don't see why anyone has any issues with the slack monitor, it's just a simple switch. If your cable isn't slack, no maky the switchy - no problem. I don't get it?