DJ: If memory serves, the Timberpoint has a relatively large pistol grip riser. That's one of the reasons it can be cut beyond center and usually is. From a resale point of view, I'm guessing most folks would want that feature.
If it were me, I'd stick with your original plan and just build out the side plate if necessary.
Are you amenable to shooting carbons? Much easier to work up a 400 grain arrow that's stiff enough for your bow with carbons.
Regardless, you're going to be dropping a lot of money on a bow. Better to make the arrows fit the bow than the other way around, I think.
I misspoke above. If you go to a 75 grain head, could drop spine 5#, not add 5#. I'll edit it to correct the statement. Will still be hard to find in 5/16, but not impossible. It may be available in 5/16 in Doug Fir, (which is usually physically heavier than POC) or Sitka Spruce, which is about the same or lighter than POC. Won't really know what works until you have the bow in hand and try out some different spined shafts.