Just as a followup, I didn't have a course tooth blade for my OMT (the suggestion I liked the best) (it's on my list for next trip to hardware store), so I ended up using Dremel + sanding drum (+ shop vac to limit dust) to create the very shallow notch needed to pass the wires.
To all the posts warning about notching underside of joist, yes, I understand the tension issue. This is a very short span (width of a stairwell), and the notch follows the rules regarding minimum and maximum distance from end of span. And as described, I'm well under the allowed depth and width of notch.