Take it from experience, glass wraps are royal PITA to work with. You will undoubtedly end up cutting back the wrap from the bearing edges if you use a modern glass wrap.
Consider (period correct) Burgundy sparkle, (modern version is called 'Merlot' like the wine,) or Tangerine sparkle, if you decide to use glass wrap. Both are classy and classic Gretsch finishes.
Food for thought...
John