I agree with most here, but if you are looking for a longer piece ( I assume length down the lane), you can go with a longer pin pap distance and put the pin below the fingers. if you are worried about the extra hole.
I know that the "general rules" of pin up versus pin down are thrown around on this board, but pin to pap distance will give you more length than pin up or pin down requirements, imo. In addition, and I may be misunderstanding what you are asking for, but with a 4 3/8 x 0 pap, and a pin above the ring finger, you might not have a very long pin to pap distance if your span isn't all that long.
Also if you are looking for more length, than a flare reducing hole shouldn't really be an issue either.
Am I missing the OP's intent?