I'm wondering if offering an open bounty to the community would be a good way to fix this huge crisis.
That's possible but only allow reputable members to join the bounty. Because if it's not and someone is able to crack that(unlikely in your situation) and they don't have reputation in here, they'll easily forgeta about the bounty and leave you clueless and hopeless. Anyway, it seems that there is a direction being told you to and you're trying to do it, I can't do anything with that and just wishing you luck for your 11 children if this is a real recovery journey. 1.55 BTCs is a lot of money already in current price we have.
God bless you, yes I am absolutely driven to get this password. I'm enjoying how this project is getting me back into Bitcoin programming actually. Crypto is truly amazing once you start to interact with the actual technology. It's not just a balance to look at. It's a living creation.
BTW, supposedly with the encrypted BTCrecover Hash, there's no way for someone to steal the Bitcoins even if they get the password.
However, I have a feeling there might be a way. Maybe they can generate the private key itself or a wallet.dat for one of the Bitcoin Wallet programs with the information that can be gleaned from the partial master key and the password.
I think it might be getting to the point that Bitcoin is becoming insecure. With BTCrecover you can scale up to infinite hashing power using parallel servers. And then if you get a pool of people all doing that, I'm pretty sure it can go all the way. Alot of Bitcoin wallets are probably vulnerable to brute force at this point, and I can see it getting to the point that Bitcoin is absolutely compromised, if we're not already there.