Actually I have it all working right now. Bouncing is fully functional at this point in time. Its going to require some reworking to get all of the old variables to function correctly again but as far as I can tell right now I should be able to get this all setup pretty quickly.
My only question now is if this method is going to cause way too many traces? Every projectile seems to do a tiny trace every frame. Not sure if that is a good idea!