do NOT blank the top
@Pao you don't want to make the IP constant in terms of a fixed IP. You want to make the IP constant as a function of depth. If you block the end like is done with CMF CCR's then you remove the depth compensation. That will end particularly poorly for an unbalanced second stage.
There are 2 types of balancing that the first stage sees, one is a function of tank pressure, the other is a function of depth. Most of the regulators out there are pretty good as a function of tank pressure, but the sealed diaphragms are over-balanced because the thumb tack rule in the transmitters. If you want to remove the over-compensation for depth, then you have to remove the whole mechanism. If you blank it, you remove the depth compensation which is really critical if you want good work of breathing at depth.
Since I dive Poseidons which are also an unbalanced second stage, I am currently on the hunt for similar regulators since I want a 5th port and swivel. If you want a reg with no over-compensation that is good in the cold, then the Poseidon MK3 is going to be the best. Sadly it is very expensive and doesn't have a swivel or a fifth port, but it doesn't need to be sealed, and is very stable.
That said, I would be hard pressed to imagine that you will be able to tell a 10psi difference on a Conshelf, but I could be wrong.