Yep - keep the inverter close to the batteries, but in a separate compartment to avoid problems with explosive gasses from the batteries. With that inverter, I'd be comfortable with going 10 feet on #0000 welding cable, but that's expensive wire at over $3 a foot for both the + and - wires. I'd go 5 feet on #00. 20 feet is way too far--your power losses would be tremendous, and it could be dangerous for heat buildup and fire danger. You'll hardly ever need to access your inverter, except turning it on and off, there's got to be somewhere near the bulkhead you can mount it. Then you can run plain old #12 romex any distance you want at 120 volts AC out of the inverter.
ADMIN