Re: Projected Black - I can't think of a projector that doesn't have a perimeter, outside the content raster, of projected black.
If you really want it to go away in your blend, physically blocking the light at the lens, or a bit in front of it is the answer.
I've done this with tape, and with fabric like duvetyne one can fray the edge and get a nice gradient or feathering.
This technique can also mask, or improve how the blend overlap looks when gamma and other settings don't get it how you want it.
Photo from someone else's install at a museum attached-