While the Power Center is not cheap, the individual parts will be quite a bit more, as Jim points out.
The external Power Center will add another clunky box on the wall behind your pad, along with wires and conduit. That didn't play well with my OCD, so I gutted my Power Center and snuck all the parts into my Pentair Automation box.
Conceivably you could do the same, if the look of the external box would bug you. It's technically a DIY project, but it takes some doing. And it would certainly void any warranties, so there's that. I wrote about it
here, which would also give you some idea of what it takes to add the parts to an existing Intellicenter (mine is an EasyTouch, but the steps would be similar).
Maybe you could find a used Power Center online, say, from some pool owner abandoning his Pentair SWG for some other brand. He'd be throwing his worn out SWG away, but the Power Center would still be useful.
Regarding your plumbing, I can't quite make out all the pipes. The IC40 is about a foot long, and the installation instructions suggest an 18" run of straight pipe leading into the IC. So you need some room for it. You can install them vertically (in fact, that might be the preferred orientation), so you probably have a way to make that work. The trick is removing what you have now and leaving enough exiting PVC pipe to glue onto. If you can manage that, then there is always a way.
Are those two valves just under your existing SWG? Those must be isolation valves. With a VS pump I'm not sure what purpose those would be serving. Those could probably go away. We'd need more pics of other angles of that area of your plumbing to be of further help.