I have Bill Paulin's protoype EUB with piezos that I made mounted under the bridge, seated on a shim of cork gasket material. The preamp is in a cavity adjacent to the bridge. On Bill's newer basses, the pickups are set into shallow recesses under the bridge and the leads feed straight into the preamp cavity. Apart from this cavity, it's a solid body bass.
I'm not a serious arco player, but I've been pleasantly surprised at how good it sounds with a bow. I feel the under-bridge pickup avoids a lot of the edginess that 'clipped onto the bridge' designs are prone to. The latest Paulin basses have large body cavities and lighter woods, giving them a fuller, fatter sound which would perhaps be even better for arco, although I actually prefer the punchier sound of mine for my pizz playing.
My bass:
www.fittell.id.au/eub
My pickups:
www.fittell.id.au/piezo
Bill Paulin's basses:
http://billpaulineubs.com
It's the excess mids & highs of many piezos that can make the arco sound so edgy. A solution is to add a simple passive 'hi cut' filter that you can switch in when you play arco. Just a capacitor shorted to ground from the output can work, or add a basic Fender style tone control with a slightly higher capacitor value.