Wow Bill, for the little space you got, you sure do put out some great stuff.
My space is similar to yours, but I have a small freezer to my left and the furnace to my right... and when I stand up I have to be careful not to bang my head on the ductwork or the floor joists
- but I only use the space for my occasional vocal sample recordings. I did have our basement spray-foamed during our last home energy audit, which I'm sure besides the savings in fuel, I'm gaining something on the acoustic side of things.