Hey buddy, here's my experience. Roughly 3 1/2 - 4 years ago, I weighed like 140 and was a total skeleton. I'm 6' and my normal weight is like 155-60. I thought I looked the best I had in my life. Everyone around me was worried sick. Anyway, I was bone thin and my dick looked bigger than it ever had, plus I shave my balls and the base to help its appearance. Anyway, I ran into some trouble and was put on heavy duty psychiatric medication and one of its side effects was weight gain, but no one ever told me this. So I just started taking the pills and did so for over three years. They never correcte4 the problem they were supposed to, and I kept getting fatter and fatter. Eventually I was 200 lbs. And I freaked. I saw a top notch platic surgeon in Sacramento right away for a consult, and 3 weeks later had liposuction. It was a great decision cause it gave me a head start in losing weight and fat. As the area above my dick got puffier and fatter, mu dick also seemed to grow smaller, almost disaappear, and the pressure from the fat pushed all my skin forward so it looked like I was uncut. Well, after over 3 years on these meds, I got off them about two monts ago and have dropped 16 pounds without even trying; it's just my metabolism returning to nornal. Slowly, I'm losing the pad of fat and my dick is beginnning to reappear. The skin isn't being pushed over the head as much amymore either. So I would say just stick with your plan of losing more weight/fat and you'll be back to your normal size which looks bigger the less fat you have in the pad, but don't down as low as I was, having your dick look slightly bigger at the risk of your health just isn't worth it.
Have you tried shaving? It makes a big visual difference. Peace.
Phenix