Kater,
Don't worry -- you can make it work. I'll post a couple of photos showing the position of two fluxgate (electronic)
compasses on my steel boat. The first one is a
Raymarine compass that I use for both a ST4000 tiller arm (that drives the Aries on a
compass course) and for the
Raymarine S3G Corepack (autopilot electronics package for the main
autopilot. In the photo it's just over the shoulder of the crew person in the red foulies. It's located on a SS mast on the stbd side at the stern approximiately 5 feet off the deck. It works great.
The other photo (I will put in a separate post below this one) shows the location of the
compass for my old
autopilot, a Coursemaster 700 or 750. The electronics package of this
autopilot went south on me and I replaced it with the
Raymarine unit mentioned above, but I've kept the
compass as a backup. The
compass is to the right and above the shoulder of the guy in the yellow shorts. Its located on the centerline of the boat over the main
hatch. The hard dodger the
compass is mounted on is fibreglass, but the rest of the boat is steel. The closest steel to this
compass is the surface under the right arm of the guy in the black tee shirt. My guess is that this
compass is no more than 2 feet from the nearest steel. This
compass worked well for 7 years and lots of miles.
Check with the manuals that come with your
autopilot -- they will specify how far away from the hull you need to be. My guess is that the
Raymarine installation (the
compass in the first photo), is probably a better bet.
One thing you need to be aware of is that the modern "smart"
autopilots CPUs are as sensitive to magnetic interference as the electronic
compasses are. When I replace the Coursemaster with the
Raymarine, I put the
Raymarine "black box" in the same location the old Coursemaster electronics were located. This was on a bulkhead in an aft cabin, approximately 2 feet from my genset. My logic was that if the Coursemaster worked there, the
Raymarine should. It didn't. The magnetic interference from the genset was too great and the
Raymarine Smart Pilot was decidedly dumb. When I relocated it away from the engine / genset space, it got 'smart' quickly.
Good luck with your installation. Send me a PM if you need any more help.