Designing a new canopy with better vision ultimately falls back on the Bf 109's biggest shortcoming. It was just too small.
I hate to say it, but you are right, Steve. The Bf 109 was a brilliant design and arguably the most advanced fighter in the world when it first flew, combining modern features such as landing flaps, all metal stressed skin construction, enclosed cockpit, retracting undercarriage, high lift slats etc in one airframe, as well as practicalities inherent in its design, which made it susceptible to mass production and ease of maintenance. Like many objects of its time, the Bf 109 was also suceptible to fashion, which was among single-seat fighters for a high back rear fuselage that the cockpit faired into; almost all designs of the time were the same.
The fact that enabled such high numbers of the type to be built was the basic design, but like Adler suggests, was subject as much to environment as it was because of its design. My thoughts on a low backed Bf 109 are as follows bearing this in mind; to redesign the rear fuselage in such a fashion would take up time and require new jigs on the production line and retraining of staff, all of which takes time. If such a measure was to be undertaken, would it be worth interrupting production to do this? The Bf 109 underwent many significant changes in its lifespan, but not structurally aft of the firewall. This was the secret to its success and its longevity as much as it was the aircraft's most limiting factor (its size). Besides, other than improving the pilots' view, was it entirely necessary with a better, more modern design under development and production in the Fw 190?
The reason I ask this is that toward the end of the war the Bf 109 was showing its age and design limitations and advanced fighters, both German and Allied were proving superior to it in terms of technology and performance. Besides, despite the poor view form the cockpit (I too have had the priviledge of sitting in a Bf 109 - very hard for me since I'm six foot two), German aces did not shy away from the type toward the end of the war.
Was it necessary to carry out such a modification to its basic design, taking all things into consideration? Also, since it could be done, albeit not without considerable redesign, why was it not done? Messershmitt and Co were aware of its shortcomings and its not like they didn't have the rersources to do it early on. Is it because there were better, more advanced designs waiting on the drawing board? Probably.