If I flip it over it would move the forward most part of the bumper lower, and mess up the decent(aprox:75*) approach angle that I have now.
I think that once it's time for a winch, that bumper is going to hit the scrap pile. The rest of what you said would look a lot better, but you can only polish a turd so much before you end up with 
on your hands. 
I don't know, there is a lotta good stout steel there...you just gotta werk with it. Make it like your leetle bonsai bumper.
