if i were to slide something over or cut a slit in a bump stop and then glue it back together, i would always be riding along worried about it comming off. I think my idea of using urethane sealant out a tube is pretty good and alot more re-assuring. You can get it from places like supercheap auto. Sicalfex is the brand name stuff but you can buy it in a cheap black and gold type brand called 'moto' something? you then just need a dispenser to squirt it out. I use that stuff on side car grab rails and when its stuck to the grab rail its on there it makes a nice rubbery grip for the swingers and will stay on there for ever and will never come off. Another possible soloution is to use a normal rubber or foam bump stop and sand it down a bit all over, then cut a slot in it, fit it around the shaft, then glue it togther with urethane aheasive i mentioned before and then cover the whole bump stop in the stuff and build it up a few mm thick to make up for the amount you sanded off. That way it will have a good covering and hopefully the slot in the bump stop wont pull apart, but if you use the urethane adheasive i think it should be Ok.