keep in mind that confusa does not survive well when rootbark is stripped, and I doubt lower trunk bark stripping will help the tree survive well either..definatly do not ringbark the trees.. If you really have access to these trees in the wild I would try for branch bark..branch bark is still said to have lots of alkaloids at more than .5% I think and you wont be harming the trees so they will still be there next year, with new branches to harvest.
and yeah I never worked with it but I think you can go about it similar to mimosa.
Long live the unwoke.