Greek, your main malfunction is believing that cutting off erogenous tissue does not compromise sensation and function. Obviously the skin slides for a reason. And foreskin is about equal in size to one's palm. Try skinning your palm and see if that has a relationship to sensation. The answer to that is obvious, but for some reason people make the penis out to be different. Sure it has a nice shiny glans on the end - which is mistaken for the be all and end all of sensation. And leaving it exposed for several years can take the shine right off.
The body is not internally innervated for pleasure. Sure, you can feel gas pains inside, but sensation of pleasure is a function of skin. The penis is a blood filled chamber - its innervation is via several pathways - that's why anesthesia for genital cutting is not very effective and why cut guys can still experience orgasm, but like all body parts, sensation is mostly a function of skin.
The Meissner corpuscles you mention DO multiply. I think you've been reading circlist on this one. When someone puts on a hundred pounds, do you think they have no fine touch sensation on the skin that grows to cover their weight gain? There are more Meissner corpuscles on the lips, genitals, palms and fingertips, but Meissner corpuscles are not limited to those areas.
Caveat emptor. Be aware that some of the people on circlist would like nothing better than to see you cut down to size. Some would get off on it.
This is a good link for genuine penis research:
Foreskin :: Prepuce :: Ridged Band
The way you're talking I guess you're pretty young. Sure, try anything once I say. The problem with genital cutting is there's really no going back. Circumcisers are taught to remove as much mucosa as possible. It's meant to be permanent and 99.9% of the time it is. Only those of us who have the worst results are willing to wear some kind of expansion appliance around for the years it takes to regain some of our birthright.