I know the OP solved the problem but I’ve used vinyl/leather repair kits on classic cars with good results. They come with an assortment of colors, some textured papers and a small heating element. They work well enough on car seats that you’d never notice and they’d likely work fine on a saddle as long as it’s not in a structural place. Option B of recovering works well too and isn’t as hard as you think. I followed step by step instructions on a website 5-6 years ago.