OK, I'm the odd man out here. First of all, know that what I say will severely effect the vintage value of your guitar. I put a 1/4" input jack in the tailblock. Then I always wrap the cord through the strap end (which you should do anyway to absorb any shock should it ever tug an a taut situation.)
The 1/4 in jack makes cables much simpler, it's a very strong connection, and an 1/8 in jack has a very small hot tab connector-it's a weakness in the design. But then again, I'm not at all sentimental about my guitars, they've got to be working-practical.
For those that are concerned with the resale vintage quality of the guitar, it is very important to resist these "practical" urges because in the market, it's irreversible, though technically, all these alterations can be reversed through plugging and doweling at a future point. From strictly a playing point, a lot of problems disappear with good shielded wiring going to a well grounded end pin jack, and you NEVER have to worry about being stranded at a gig looking for a cable with an 1/8" end on it.
The piezo seems to be a good idea but for my ear, not a good sound. There's plenty of acoustic sound that comes through those great pickups. I'd go with the pure JS pickup, for my own tastes.
You may get lots of opinions on this, but live with the decision process for a long while. Make irreversible changes cautiously and for well researched and good reasons, especially on a guitar that is now a rarity.
Here's an idea. Bring it back to original, keep it pure and whenever you get an urge to change it, buy a new guitar! I can think of no other way to truly respect a great classic,
and experiment. You can show this argument to the wife.
I think you should get a second Johnny Smith.

You can have your cake and eat it too!
David