The IBM 705 came in a bigger version, the IBM 709, and there was a transistorized version, the IBM 7090. The IBM 7090/7094 powered much of the US space program of the 1960s and 1970s, and some of those machines were used into the 1980s.
Those big control panels were mostly for maintenance use. UNIVAC separated the operator and maintenance panels on their transistorized machines, and in normal operation, nobody was near the maintenance panel. IBM kept a lot of lights, buttons, and knobs facing the operators well into the System/370 era. By that time you could debug the OS inside a VM, so all those manual controls were unused, but it took IBM a long time to get rid of them.