I'm trying to avoid a manual compilation for a couple reasons:
1.) I'm lazy.

2.) If we can use the precompiled binary packages, it might be easier to duplicate for others.
I have two ideas I'm going to investigate as potential work-arounds:
First Idea:
Install the 32-bit compatibility layer. Download the 32-bit package of Audacity, as well as the dependencies. Create a temporary directory to extract the .deb files to, and extract them. Copy the libraries to /lib32 and/or /usr/lib32
This SHOULD enable people to use the 32-bit audacity w/ nyquist, while keeping the system use-able. The downside would be, there probably won't be an easy way to manually remove only the copied libraries.
Second Idea:
Like the first idea: Install the 32-bit compatibility layer. Download the 32-bit package of Audacity, as well as the dependencies.
Temporarily point the symlinks /lib and /usr/lib to the 32-bit library directories, install the packages via dpkg, and then change the symlinks back... The bright side to this would be that if you want to remove the 32-bit libraries later on, you can point the symlinks to /lib32 and /usr/lib32 again, and hopefully just remove the packages, then change the symlinks back again...
The downside to this is I'm not real sure how the package manager will handle having both a 32-bit and 64-bit version of the same package name installed... It might consider it an upgrade, and think it no longer has the native 64-bit package installed...
Man, my head hurts already and I haven't even started yet...

The instructions will be specific to Karmic, but applicable to anything Debian based, with perhaps some minor differences.
I'm thinking I might try the second idea first, as it's simpler and probably easier to undo.
...Then there's the fact that I'll no longer have any excuses for not putting some compositions together. :/ jk
Good luck.
Thanks!
-Andy