I'm having the same cyst issues, and I've found that the less padding I have, the better off I've been. I'm currently trying out a Specialized Toupe. It has taken a couple of weeks for my seatbones to get used to the hard saddle, but the cyst I'd grown from my previous saddle (Terry Falcon X) is slowly going away.
If this one ends up not working, I'm going to go with a Brooks or Selle An-Atomica.