Are you hand sewing or machine sewing it? I would hand sew it down and call it a day.
Most of the time now I use 2-1/2" binding. I sew about 3/8" seam and hand sew to the back. It's pretty close to being the same on both sides. If you are worried about losing part of the design, you can always leave a little bit of batting beyond the edge of the quilt to take up that extra space. I haven't been all that satisfied with machine stitched binding unless I take the time to glue baste it down. I prefer the look of the hand sewing, so most of the time that is what I do.