We have a continuous point competition at our tournaments, which is one step up from stop point. For black belts, two 2 minute rounds. The nice thing is that it is continuous, which is more realistic, and more striking techniques are allowed than in Olympic or full contact sparring. The contact level is a bit harder than point as well, although we aren't trying to knock out the other person. Good for some nice bruises at least.
As far as lack of competition goes, get used to it. I rarely have a lot of competition at local tournaments. A four person division is huge. But thats what you get when you live in Vermont.