I did have those thoughts of using a trapeze but have gone with an adjustable Gold wraparound bridge from guitar fetish. Hoping it will be here this week

http://www.guitarfetish.com/Gold-Bad...dge_p_376.html

And over the past few days I've managed to get the blemish fixed. Some careful sanding and some additional coats of clear has rendered the blemish near invisible. I doubt there will be a need for a pick guard now.