Elli that's a good line of attack -- even if we forget about the busts, what about the rings?
I don't have a good list of how many there are or where they are now, but we don't think that each and every ring was discovered in Herculaneum or Pompeii, do we? Presumably there were many more rings than busts to start with, and they would be passed down from generation to generation. And some (at least) of the rings have Epicurus' name inscribed too, correct?
I would think the first thing that someone commissioned to do a fresco of historical figures would do is to scour his available contacts for all representations preserved in any form.
Certainly you would also include references from Diogenes Laertius as to objects or names (of books) that people were associated with, but you would certainly do everything you could to incorporate ALL available evidence.