If I set up a watch-only stack #1 wallet and spendable stack #2 wallet in Blue Wallet
More worrying than your privacy concerns and the security implications of this set up. If you import your seed phrase to a hot mobile wallet, then you have completely negated the point of your hardware wallet to keep your seed phrase permanently offline. If you want a hot wallet on your phone, then you should use a brand new seed phrase for this, and use a different seed phrase (+/- an additional passphrase) for your cold storage.
From what I can tell Blue Wallet is Coldcard compatible and I shouldn't have to enter any private keys into it. Just export a wallet file (containing my public key) from Coldcard to Blue Wallet... and hopefully / apparently my private key stays on the Coldcard.