A binnacle control is mounted into the surface of the console, and the key switch is remotely mounted. A control box, also called side-mount controls, generally mounts to the outside of the console or to the gunwale and has the key switch mounted into it.
This is a binnacle control:
This is a control box:
__________________
Common Sense is learning from your mistakes. Wisdom is learning from the other guy's mistakes.
Fr. Frank says:
Jesus liked fishing, too. He even walked on water to get to the boat!
Currently without a SeaCraft 
(2) Pompano 12' fishing kayaks
'73 Cobia 18' prototype "Casting Skiff", 70hp Mercury