This vegan bacon recipe goes quite well with waffles. It would probably also work with another brand of meltable vegan cheese; if you try and are successful, please post a comment! Makes one sandwich-sized patty that can be cut into smaller strips.
If you want a lower fat and oil content, just use less margarine. I'm being pretty generous with it here because bacon is very fatty and salty. If you want less salt, use olive oil in place of vegan margarine. Eliminating the miso will also cut salt, but it will also cut other flavor.