You won't have to mess with the locking piece in my experience.
I dont see why you couldnt run Jeff Walters/PCS heavy G3 style buffer, however I am not sure if it will offer much improvement. Given how lightly both guns recoil I question how hard the carrier assemblies even come into contact with the stock endcap/buffer. At times I am not sure if the K versions carrier even contacts the stock end cap/buffer at all.
The telescoping recoil rod is all in the "rod assembly" itself and doesn't interact with the buffer so you can install Jeff's heavy buffer into the stock below it should you choose to. I believe Jeff's heavy buffer only fits the full size stock though.
The good new is my PTR32 PDW with the A3 stock is 29.5" with the stock fully extended to the end of the barrel so should meet your Maryland SBR requirements and even more so if you permanently attached your flash hider which adds another inch or more.
If you want fireballs the 8" is the way to go and if you really want "fireballs" than move up to the 51.
Video of my PTR 32 PDW
http://tinypic.com/r/avq53n/9