I appreciate the suggestions I've received. Some had suggested not ruling out the use of a sight glass. While I agree that sight glasses can be specified and installed so as to minimize safety and loss prevention concerns, I don't have this option in this case. My client forbids the use of any sight glasses, unless they are required by law, such as on boilers.
One suggestion that I hve received elsewhere is to simply pump out the the rag layer periodically (once per day?) and recycle it through a filter (cartridge?) back into the feed to the decanter, thereby removing the rag layer. This is likely the way we will go as the the feed is fairly clean, and the rag layer should build quite slowly.