I think you are OK on the height, that will leave 1/2" either side of the module.
What I don't like is that all dimensions are close and internal reflections will tend to reinforce.
If you can, I would lower the depth to 4.5" or so, and increase the width to around 17".
The box is plenty big, so you could reduce the width to 16". That would give you a 2/1 H/W ratio which would be excellent.