Since many people ask questions and ask for suggestions, I sometimes wonder what solution(s) they ended up chosing. So, I thought I'd finish this post with the results of my questions here and on Mod Wriggler, and show people what I came up with.
Firstly, thanks for all the suggestions, as you'll see below, I did finally put together my first rack. I decided to stay with the 104HP, as a way of focusing on what to pick for modules - although that will change/expand in the future (as we all know).
I decided to go/try the no Maths route, after all what you've never had you can't miss. I went with the Quadrax and a Falistri. They're both very interesting modules and I'm amazed at what you can do with them. I also dropped Stages and ALM Pam's New Workout due to availability (at the beginning). Since a friend of mine talked about Ornament and Crime, I wondered if it could be an alternative to Pam's, which when I looked into it, it seemed a more interesting choice, with many more possibilities/uses - Robin Rimbaud called it a Swiss Army knife of modular.
Lastly, most of the modules were chosen because of their multi functions. As an example, the Quadrax can do so many different things, and the Joranalogue Filter 8 is quite exceptional in being a filter, a VCO, LFO, a slew generator, etc.
Anyhow, here's the solution that I came up with - I should add once again, I have a Pittsburgh Mod. SV-1b, Make Noise 0-coast and a Synthstrom Deluge which I use to work with this rack.
Any comments and/or suggestions welcome as always.