The ideal spacing between the platters depends on several variables including the fluid viscosity, velocity, and temperature. You could go through the calculations (http://en.wikipedia.org/wiki/Navier-Stokes_equations) and make a set ...
The side panels are 4.75" x 4.75" x 0.47" acrylic with untaped .25" holes to screw to the main chamber. The center hole is 0.6" and the counterbore is 0.28" deep.
The two 0.6" holes (one on each side) are the ONLY exhaust ports. The air spirals inwards across the face of the platters, through the ventilation ports, around the air spaces in the bearings (2nd picture), and finally out through these two holes.
However, more exhaust holes in the side panels might improve efficiency.