Mac - I would throw in another vote for a single layer of dynel along the stem. I think you could get away with a really narrow strip that just covers the stem ahead and behind the wear area, and not much up either side. I think you'll hardly notice it. You get a little of the fishnet look to it, but it's all below the waterline so won't be very noticeable. I abused my strip canoe this summer, probably a total of 50 or more days, most of it in Ontario and northern Minnesota. After a while I stopped worrying about running the bow up on the granite and I was surprised how there is absolutely no wear into the dynel fabric. After another year or two I'll probably put a layer of epoxy on top and re varnish.
Mark
Mark