I think you may like the colour more with wg. The setting is pretty good as is, the stone is the star of the show. What about just rhodium plating the original setting and see if that makes the diff? It sits high but with that carat stone, it's going to poss need be high to get the light through it.
I think you’re right about the color. I really have to decide what I want this piece to be, ring or pendant. I like it as a ring, but because it sits so high, I’m afraid I’d bash it into things (it’s also a little bit big, so I’d have to get it resized in any case). To your point, though, it has to sit high for the light to get through.
I’m gonna try to visit the jeweler next week to explore options.