The only way that I have successfully retained the Trapezium Area of M42, while also capturing the outer areas of the Nebula, is to take both long and short exposures, then combine them using 'Layers' in Photoshop.
The short exposures capture the Trapezium stars without burn-out, and the longer exposures, the outer gas and dust, but with a completely burned out Trapezium area.
When 'layer combined', the inner and outer areas blend nicely, giving a good overall image.
I don't yet know enough about PI, to know whether a similar method of combining long and short exposures is possible, but
hopefully, our resident experts will be able to enlighten us

Dave