The problem with that plan is the string holes on the stock base plate are spaced at about 19mm as well. When you string up at 17.5mm the saddles will pull apart from each other from string tension and you're back to original spacing, but with gaps between the saddles. You have to bind the intonation screws together with wire or something to keep the narrow spacing. Not ideal.You're definitely in the minority on wanting a 34" scale 4-string with narrow spacing like that.
I'd just get a threaded-saddle bridge and figure out where the strings need to sit, then file a slightly deeper groove.
If it was me, I would get a custom stainless steel base plate made in stock dimensions, drilled to desired string spacing, and use OEM Fender threaded saddles.
