Why do you even need the fermwrap and the additional Ranco if you are using the fridge? The fridge will turn on and off at the appropriate times in order to keep your beer the correct temp.
I am going to go in the exact opposite direction.
If you have the fermwrap, thermowell, and a controller, why worry about regulating the fridge? I mean, you want to control the temp of the wort, not the air, right? You are not fermenting the air, you are fermenting the wort. Everyone knows that ambient temp is a pretty crappy gauge of wort temperature. Be it a temp controlled fridge, a cool closet, or a ice bath, ambient is still not representive of wort temp. Those methods help keep things from swinging out of control, but you can't rely on them to nail a temperature.
I am about 2 hours south of Albany, but for government work, we have a similar enough climate - if this works for me, it will work for you.
I use a minifridge, and I can
just close my better bottles inside of it. I run the fridge as normal, on a medium cold setting. To be clear, the fridge is on all the time - no controller. I plug the fermwrap into a Johnson Controller, flip it to heat, set a 1 degree allowance, and drop the probe into the carboy cap thermowell. I just close the wires in the door and the weather stripping is still able to make a nice seal. I would say the ambient temp of the fridge is somewhere in the 45-50 degree F range (I say this because I have done lagers in my fridge and I easily had the fermentation temp at 50F). The fermwrap has no trouble heating the wort to whatever temp I ask of it. I can do ales at 67, a Cal common at 62, and as mentioned, a lager at 50. I am trying to be clear as possible, so forgive the repeat, but the fridge temp is constant and uninterrupted. It is the same 45F for every one of these beers.
I strongly advise this method for a few reasons. First, and most importantly, (as stated) you want to control the wort, not the air. By keeping the carboy in a constantly cool environment, and warming the wort up to desired temps, you are assured that the temperature the probe is reading is reflectiing the fermentation conditions. By controlling fermentation this way, you can really learn your yeast's happy zone. You will be amazed how much a beer can change when you ferment a couple degrees warmer or colder. Batches will be much more repeatable, and surprises will be few and far between, if you can repeat a scheduled fermentation program. Second, I feel it is a lot less stressful on the appliance. Personally, I do not like the idea of cycling my fridge on and off. I think it is just happier to run as designed. Having the little fermwrap turn on and off is not nearly as many moving parts. Finally, you still will have a working fridge. I still use my fridge's freezer compartment to store hops, and use a little pocket in the door to store my yeast. You can't do that if you turn the fridge on and off to try to maintain an ambient temp. I understand that most people control the fridge, I just don't understand why. If they already have the equipment, why won't they go a step further and control the wort?
Finally, you mentioned bubblewrapping the probe to the side. I suppose if you take my advice and just use one controller to heat the wort and let the fridge temps ride, the problem is moot - you will be using the thermowell to measure the wort. If not, and you really want to cycle your fridge on and off and you need to attach the probe to the side of the carboy - use caution, and lots of extra tape. I used this tape-to-side method for a while, but one time the probe fell off and the fermwrap ran uncontrolled. Fermentation hit upwards of 98 degrees (this was pre-fridge, on the garage floor, in the middle of winter - don't tell me those things do not have enough power to heat wort as desired). I was pissed, but the worms were happy. On the spot I ordered the carboy cap thermowell.
Joe