Here's the plans first:

If you can't tell in the pic, the part of the wire that fits into the igniter is epoxied into place. Also on the front end of the chamber, there will be a horizontal handle. The gun will be held underarm, similar to Moonbogg's combra venom.
Now my questions:
1. I know little about metal plumbing parts. This plan is what I would do if I was building this out of PVC. Are there similar parts in aluminum?
2. Drilling a hole into the chamber of a PVC cannon can be dangerous. Is that true with metal cannons? The hole for the igniter wire will be sealed with epoxy.
3. I'm guessing aluminum is way overkill for a MAPP combustion cannon. If that is so, what are the chances of being seriously harmed by using acetylene? Or perhaps acetylene with a steel cannon? I know acetylene is dangerous and unstable, but is there any safe way to use it? I figured I would ask here and do some research before touching the stuff.
4. How well will the chamber fans vent the chamber in a coaxial? I just don't see it working very well.
Future Improvements:
1. Laser sight.
2. Pistol-grip from http://ultimatespudgun.com/