Got everything fitted inside the mini ITX case. It's working great. No issue with wakeup from sleep. I tried hooking up a monitor and that works too. The MacBook Air seems to hang during boot with the external monitor plugged in though.
OpenGL is not 100% with the AMD drivers in Sierra so I could not run Unigine benchmarks. Nonetheless, it's very cool to plug a single cable into a Mac laptop and have a powerful desktop GPU, ethernet, external hard drives, and optical drive. Total cost of parts for this build is about $460 (without the GPU, hard drive, and optical drive).
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I installed FCP and ran BruceX test. Got about 85s on average after 3 runs. I'm not familiar with the program to check where to select the eGPU or there's such an option. Good news is FCP X runs fine.
I ran the same test with my Mac Pro with a pair of RX 480s and the result was much better. The average was 20.25s.