I've decide to send them back. Precision Drum will trim them back 5/8 for 20 + shipping. I'm already way 'underwater' on this drum... in for a penny in for a pound! And/or, May as well hang for a sheep as a lamb!
It WILL be beautiful when they are done. The hardware is in great shap, with very nice cast hoops. Interestingly, they are taller than the hoops on my Gretsch New Classics.
Precision did a great job on the wrap. I wish I had known earlier to ask for the wrap to be set back. Live and learn. I could easily be doing this again sometime...