I’m new here, so take this as more of a pilot/owner thought process than expert avionics advice, but I’d probably step back and define the mission before committing.
The GNC355 sounds like a nice box if you mainly want GPS approaches + comm, but I’d want to be clear on what the plan is for ground-based nav. If you still want ILS/LOC/VOR capability, then either keeping an existing nav radio or adding something like a GNC255 / going to a 650-class unit seems worth thinking through before the panel is opened up.
Also, after reading the comments here, the GI275 vs G5 question seems like the biggest “buy once, cry once” decision. The G5s are attractive because they’re proven and cheaper, but if the install labor is already a big part of the bill, I’d at least price the delta to GI275s before deciding. Same with the audio panel — I’ve heard enough good things about PS Engineering that I’d compare it directly against the Garmin before just accepting the package.
On the price, $32K doesn’t sound crazy to me for a shop install, but I’d want the quote broken down into parts, labor, harnesses, misc materials, and any panel work. That would make it easier to see whether you’re paying a fair shop rate or just accepting a bundled number. I’d also ask the shop/dealer if there are any current Garmin rebates or package incentives available. Worst case they say no.