Typically today they are being installed on the cold air side
with a duct running over to the hot side to bypass some air across
it. That avoids the problem you describe. I had a relatively new
Aprilaire powered model (760 I think) that doesn't used bypass air
and it was mounted on the hot side of my old furnace. When I replaced the
furnace, I put it back on the hot side. Not sure if I'd do that
again. With the coil and plenum assembly sitting on the floor,
it was possible to see where there was clearance and cut it. But
today the plenum part is double
walled with insulation in between. And instead of A coils the
higher efficiency ones today, at least mine, had an N coil, ie
an additional section. The humidifier will still fit, but
without having it sitting, open, pre-install on the floor, I
would not have attempted to cut a hole because there isn't much
clearance, IDK if you could even figure it out, because once it's
on the furnace, lines connected, not so easy to tell. Bottom line,
much easier to put a bypass model on the cold side. Then you just
need a hole anywhere on the hot side for the bypass duct. It
can be up higher or over, etc where there is no coil to worry about.
Also, with it in the single digits, that 20% humidity isn't too
far off. You want the humidity backed down as the outside temps
decline. About 40% when it's 50F out, down to mabye 25% when
it's in the single digits. Otherwise you can get condensation
around windows, ceilings with recessed lights that damages paint,
etc. When it'r real cold like that, better to err a little on the
low side instead of getting it too high. I'd recommend getting one
with an outdoor sensor that automatically does the adjustment. Highly
recommend Aprilaire.