I have a 17' PIU Eco and this was the 2nd mod I did. First was going to 8" MFT.
I rewired the "low gear" button to a small switch on the bottom half of the steering column, kinda below where the key goes. I checked the original button at the end of the column shift and found out it was only a momentary switch. When it activate it, the transmission is hunting for first gear. However, it will downshift somewhat safely, so if you hit it at cruising speed, it migh drop a gear or two and then continue to do so when the rpm's are right. If you turn it on while the car is stopped, it will stay in first and won't come out.
On your column shift mod, you can buy a replacement steering column cover for under $10 at your dealer. It will get rid of that big rubber boot from the column shifter. I hot glued some black auto carpet to fill in the void at the top where it's notched for the nicer models with the telescopic column.
Mine will drop down into sport now but obviously do anything. I've looked into buying a used steering wheel with the appropriate paddle shifters but the wiring isn't there. I pulled the airbag and checked out all the wiring in the steering wheel compared to my wiring manual. Missing quite a bit of wiring. It would be fun to get the most out of the Eco.
As this is my work car, I'll have to turn it in a 2-3 more years. I have to quit with these mods because I'll have to undo them when I turn it back in!