So the question is do I just let things ride or take it off and let the edema go away this is the first day i have noticed it.
Sorry, no idea about that.
I still want to share my experience. I'm not mutilated, and for the first almost 40 years of my life I kept the FS over the glans, except for having sex or jacking off.
When I started my experiences with chastity in the first quarter of 2010, I had to pull the FS back to wear a device (PA5000). Sooner or later (less than 24 hours) I always had radically swelled FS and had to give up.
I have no recollection how long it took for my FS to adapt, but now I wear PA5000 without any kind of discomfort, and if I'm not wearing the device, my FS stays put behind the glans with no swelling. My current PA5000 is one size smaller than the one I started with, but that's probably not the key point.
I modified the larger PA5000 (but not the current, smaller) by filling in some of the holes (to prevent FS from mushrooming through them) but what I think happened, is this:
The front edge of my FS was originally quite tight. Not so tight it would matter; having sex or pulling the skin back was painless and I never experienced any problems. However, when keeping the skin back, the tightness did block something and the fluids were held inside the FS.
Slowly the frontal part of the FS stretched and it's not tight anymore, so nowadays it does not block the fluids anymore and I can keep the skin pulled back for indefinitely long time.
Check out what others have written e.g. here http://wiki.answers.com/Q/How_do_you_stretch_your_foreskin and do what you feel is right. Keeping the skin back several hours a day, extending the time slowly, when simultaneously using a tube type device
-might- help (skin stretches and tube migth prevent swelling).
Note, however, that I have no medical training or degree and I have just played with my own (errrr... her) dick and read plenty of stuff on the Internet. YMMV, buyer beware etc etc.
Good luck.