You'll have to check the directions for the clearances-to-combustibles measurements. If it doesn't come w/an owner's manual, look online and you should find it easily. It will tell you better. The newer air-tight stoves have a lot tighter clearances than the old style stoves, especially the 55gal barrel ones... I'd check on the pipe too as a lot of the newer 2-wall pipe is ctually better rated and more effective than the older 3-wall design. Do some homework fist and you might be thankful. There are 2 main Canadian brands that you see in a lot of installations and then a lot of smaller domestic ones. I have dura-vent pipe and it seems to work very well and has held up well, except for the paint on the initial run of pipe is burning off. The first story is painted and the next two are stainless. They're double-wall and going upstairs, when the stove is rocking I can put my hand on the pipe for about 2-5 seconds before it starts getting too hot to keep it there.
My 0.02¢