What can be done to reduce bunching of lower lid skin? (Photo)

Only an in person evaluation by an expert eyelids surgeon can determine the best treamtne method for your condition.  From the photos, it appears that you could benefit from a very specific and judicious Botox treatment to orbicularix muscle

Bunching of the skin under the eye, sometimes called the "jelly roll" effect often relates to hypertrophy of the orbicularis oculi muscle of the lower lid. A tiny droplet of Botox (or Dysport or Xeomin) placed into the center of the belly of this muscle frequently softens the hypertrophy and diminishes the bunching effect. As this delicate region is not for inexperienced injectors, you would be wise to seek consultation and treatment by a board certified aesthetic physician with experience and expertise in the more advanced uses of Botox.

I think it was reasonable to try the crows feet first. But since this didn't work, a small amount of Botox or comparable agent in the or ovulated muscle just underneath the lid might help. A more permanent solution is a modified bleph where only a thin rim of muscle is removed, and only minimal skin. Good luck!