I think you're missing that it isn't a /29 handed off from the ISPs. If it were, sure, you can use a layer 2 to split the /29 into 2 handoffs. See above - it's a /31 from one ISP and a /30 from the other. 1 usable IP for the handoff from each ISP. The respective /29s are routed via those networks. To assign the /29s to the MX, you either need a layer 3 switch for each ISP or a layer 3 switch that can do VRFs - which I didn't think the MS350 could do, but was hopeful that someone smarter than me had a work around so I didn't have to go to a DC 3 states over to put in another switch.
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