Hey dtrax! You don't need to DIY the opto. I have a channel with the NSL 32, and it works great! There are some notes about a couple of components that need to be changed to get it to calibrate properly. I just dropped the Vactrol VTL 5c4/2 in my other channel. Haven't been able to get to testing it yet though. Anyway, the NSL 32 is quicker than the DIY or 5C4 optos, but I like it.
I used a 30VA 2 x 18V hammond to power my dual mono unit. I think 2 x 18V is the suggested voltage rating for the LA 4 power supply. 25VA will be fine, and ensure that you have a some extra power on tap just in case. Don't want the PS to choke on you during some heavy compression!
It is an awesome comp. Very useful for a variety of sources. Good luck!