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I put mine in the left side panel like you did in your E53, but I've seen people flip the spare tire over and make a panel to mount it inside of the spare tire...once again on an E53. I've also got the sliding load floor, so the side panel was the easiest. Maybe underneath the rearseat, but I'm not sure the amount of open space in there in the E70 vs E53.
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650hp 10 X5///M - Stage 2, Vibrant 1794's , gutted cats, custom intake, AC Forged 22's 325hp 98 BMW 740iL - ///M5 6spd, www.bavengine.com w/ Performance Option, electric fan, CF intake tube w/ heatshield, Mag 14816 w/ notched bumper, Bilstein/H&R Stage II/Powerflex 600+hp 02 Harley F150 - MHP900 Stage 3 engine, KB2.3, 8# lower, 60# inj, Walbro FP's
135hp 01 TL1000R - M4 full exhaust, K&N, Yosh box, -1/+2 gears, 2CT's
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