Peter,
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The 4805 threw an image of aprox. 74".
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Did you try any other size besides 74"? I "experimented" with a FP this past weekend in my family room which is approx 13.5x14.5. I projected anywhere from a 61" to an 87"/88" screen just to see what it was like. Even if you had to downsize the image somewhat to have a more comfortable viewing experience you would still end up with a "bigscreen". The wife commented that it was uncomfortable for her to watch from the couch (after about 4-5 hours watching We TV

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that was about 7-8 feet from the wall where I was projecting (the couch sits perpendicular to the wall where the image was) so that did not help. My/her overall and experience was a good one though.
I don't think that seating for you and your wife would be much of a problem especially using a love seat at or near back of the wall. You being a newlywed closeness shouldn't be much of a problem for you or your bride.
Seating for your "guests" may not be optimal however for short periods of time ie. movie watching, the big game..etc. etc. etc. you might find your guests able to tolerate less than optimal seating arrangement than you or your wife would on a regular basis for longer periods of time.
For my family room we went with a sectional couch and a recliner in the corner (the recliner's mine HAHAHAHAHA) which also had the best view of the "screen" this past weekend

This arrangement works well for our room due to the regular TV in the corner, might be an option for you, but may not be optimal.
Good Luck and try not to drive yourself mad....