Already some great responses, but this is one of my favorite subjects, so can't resist sharing my opinion too.
I mounted two automotive-style fuse blocks behind the instrument panel along with a bunch of grounding terminals. My original plan was to switch the second fuse block with an avionics switch. My radio (MGL v6) doesn't have a power switch and neither does my EFIS, but I wanted to be able to switch those independently of the avionics bus (requiring 3 switches).
I decided to omit the avionics bus altogether and just have switches for EFIS and Radio (the transponder has a built-in switch). Adding things like fuel senders, etc., is super easy, just add another fuse and hook up the wire. It also greatly reduces the number of connections you have to make when you use CBs with switches.
As was already pointed out, these switches are hardly ever used. I leave them on all the time--even when cranking the engine, since I doubt its possible to damage anything that way. Having those screens lit up until I turn off the master is a good reminder and has prevented me from accidentally draining the battery. I have rebooted the EFIS in flight when troubleshooting problems with a faulty SD card, and have done the same with my radio when the screen mysteriously got corrupted (had to send it back for a replacement screen).
I didn't use a capacitor on the alternator output. In a perfect world, the battery should completely absorb any ripple from the alternator. I took a wait-and-see approach expecting to hear a tone in my headset around the pitch of middle C on the piano (3000rpm * 6 pulses per second / 60 = 300hz) if it were a problem. I haven't heard anything (after >100 hours). I'd still like to hook up an oscilloscope though. I was a little concerned that adding a capacitor would be opening up an unknown failure mode and using up possibly valuable real estate on the firewall for possibly no benefit.
My only significant noise source is my primary (magnetron) ignition. I don't notice it when listening to nearby transmitters, but if they are 10+ miles away, the noise increases until it overshadows the transmission around 20 miles. If I turn off the primary, I get extremely clear reception (no noise at all from secondary ignition or alternator). I didn't follow the plans. I used shielded wire and connected the shield and center conductor to the terminals on the switch, and connected the other ends to the magnetron mounting bolt and P-lead. Now that I think about it, the problem might be that the magnetron mounting bolt isn't grounded very well and might just need a dedicated ground lead (somewhat excited to go try this out now).