D͟o͟ ͟n͟o͟t͟ ͟p͟u͟t͟ ͟a͟ ͟s͟o͟f͟t͟ ͟c͟o͟a͟t͟i͟n͟g͟ ͟o͟f͟ ͟a͟n͟y͟ ͟k͟i͟n͟d͟ ͟o͟n͟ ͟t͟h͟e͟ ͟b͟o͟d͟y͟.
Maybe a very thick grade of leather would work or just a bead blasted finish, but no rubber or plastic. Coatings of any kind are the sort of thing that quickly become an irritant when you combine pressure, sweat and body hair.
Also consider moving the swell up a little and possibly eliminating the flat bottom and have it rounded like the top.
I have to say I approach this as a thought experiment, I don't really believe there is a big enough market that alternative designs are going to generate sales and interest compared to traditional shape. It would have to offer a genuine and notable improvement in some manner with no negatives, to be accepted by established users and instructors.