When I had my Smith ancient colors kilt made, I opted to have it pleated to the red stripe. It's a large sett, but perhaps not quite the scale of yours. As you can see in the photos below, the red stripe appears only ONCE on the front of the kilt. Consequently, this kilt has DEEP pleats and some heft to it!

I think pleating to every other stripe might be an option, and would make a striking kilt.