Revisiting my opinion:
Get a screen that matches the native resolution of your projector - that means that you WANT a 16:9 (1.78:1) screen in almost all scenarios.
If you really want to go with a CIH setup (constant image height) then there are two ways to do it, and both of them produce similar results and are, in my opinion, a waste of time and money.
1. Use an anamorphic lens. Last I checked this was a $3,000 upgrade over the base price of the HD81 projector, likely the same for the HD82. It is nice because you don't have to refocus/zoom the lens every time you switch from non-2.35 material to standard material, but you do have to move the lens (manually I believe) and likely have to change the aspect ratio setting of the projector to 'normal' or 'full' mode. So, everytime you switch, you are futzing around with the projector and for a mere premium of $3,000 above the cost of the projector.
2. Use a projector that has a 1.33x zoom lens, like the new JVC model. You will have to zoom/refocus the projector everytime you go from standard material to 2.35 material, but it is no additional cost. You will have similar image brightness and very similar image quality by doing this and it is by far my preferred way of going 2.35:1 unless you have a serious budget and can do option 1 (above) using a motorized/auto detect setup which is $10K+ added to the cost.
To trim the edges of the screen, just use those curtains you are getting. Get a dark color like a deep blue, red, or black, then simply open/close them to the width necessary for the screen.
But, realistically, you just don't need any of it and won't have any hassles at all if you go with a 16:9 screen in the first place. You can just set the projector up, project onto a 16:9 screen, and then non-16:9 material will either produce bars at the top, or the sides of the image, but you won't be zooming, scaling, or generally degregading the image to achieve some aspect ratio that it wasn't natively designed to display.
Really, 2.35 images on a 1.78:1 screen simply doesn't look bad when your room is about 100% dark and if it does offend, you likely can make your own velvet wrapped masks that you could put on your screen fairly easily and cheaply.