Save this blazer!

Along with the purple socks and veil, I've been working on the Equestrian Blazer from Interweave Knits (for pic click and scroll down). There is a LOT going on in this blazer. I have one of the fronts done, but sadly I do not think I will "have it going on" while wearing this blazer. Namely, Liz's Crazy Row Gauge has conspired to make this sweater two inches longer than it's supposed to be. And I'm pretty sure that will make the hem hit somewhere closer to the "dumpy" range than the "smokin'" range.

Here's a picture, you'll probably have to click for big to see everything I'm talking about.



The bottom, to the waist, is shaped with short rows and decreases along a seam line, highlighted in yellow (ok, they're all yellow, but you can spot the lowest one, right?) You knit straight for just a few rows, giving a place to attach the button, and then start the Interesting Upper Half, where you simultaneously a) increase along the bust dart line, b) decrease where you want the neck to widen and c) increase the number of stitches in the collar, which will fold over when you're done.

(that tab at the top is where the collar wraps around the back of your neck. Ignore it for now)

Still with me? I want to make it two inches shorter from armpit to hem. As far as I can tell, these are my options:

1) Frog to two inches below where I started the armhole and start the armhole there instead
advantages: easier
disadvantages: will it look weird to have the bust dart right on top of my bust? Aren't those supposed to be below the bust?

2) Frog to the waist and redo everything, working the collar and neck the same way I did before but putting more "slope" in the bust line. To do this I'd work the increases every three rows instead of every four, and I'd need about 10 rows fewer--just under 2"
advantages: might look better
disadvantages: more thinking required, and I'd have to figure out how to make a perfect M1 from the purl side

I suppose a third option would be to work with gauge and needle size until my row gauge is right and then maybe make a bigger size? But that sounds like such a PIA, plus the bigger sizes come out longer (the whole problem in the first place), plus I also have most of the back done.

A fourth, of course, would be to give up. But I'm not that desperate yet.

Help! Advice, tips, tutorials, more options are welcome!