Cannot use Memcache API and AuthCache module together

We are using the AuthCache module which offers page caching for both anonymous users and logged-in authenticated users under the Memcache engine. We wanted to use the Memcache API as it allows for clustering and multiple bin support.

However, when the AuthCache module is installed along with the Memcache API, the AuthCache module will not read in it's $conf requirements, thus fails.

However, if you which around the placement of the $conf (where AuthCache $conf is seen first), then the Memcache API $conf is not read in, thus disabled.

NOTE: I have reported the bug with the AuthCache module as it is part of this problem as well -- http://drupal.org/node/495478

AuthCache $conf settings
===================
$conf['cache_inc'] = './modules/authcache/api/authcache.inc';
$conf['authcache'] = array(
'default' => array(
'engine' => 'memcache', // apc, memcache, db, file, eacc or xcache
'server' => array('localhost:11220'), // memcached (host:port, e..g, 'localhost:11211')
'shared' => TRUE, // memcached shared single process
'prefix' => '', // cache key prefix (for multiple sites)
'path' => 'files/filecache', // file engine cache location
'static' => TRUE, // static array cache (advanced)
),
);

Memcache API $conf settings
======================
$conf = array(
'cache_inc' => './modules/memcache/memcache.inc',

'memcache_servers' => array(
'localhost:11211' => 'default',
'localhost:11212' => 'block',
'localhost:11213' => 'content',
'localhost:11214' => 'filter',
'localhost:11215' => 'form',
'localhost:11216' => 'menu',
'localhost:11217' => 'page',
'localhost:11218' => 'update',
'localhost:11219' => 'views',
),

'memcache_bins' => array(
'cache' => 'default',
'cache_block' => 'block',
'cache_content' => 'content',
'cache_filter' => 'filter',
'cache_form' => 'form',
'cache_menu' => 'menu',
'cache_page' => 'page',
'cache_update' => 'update',
'cache_views' => 'views',
),
);