After talking to some great people at a local bike shop, we decided to check out "Chuckwagon Trail". Its a great 5 or so mile loop that starts and ends on Long Canyon Road, out the north side of West Sedona. It was definitely more than we bargained for, but more than worth the risk, time, and effort. I'd difinitively say that the EPIC scenery on Chuckwagon rivals that of the exposed slab trail sections of Templeton. We also decided to link up with Mescal trail. It had similar features and scenery.
If you haven't been yet, you need to go.