Lacking the trailing dot that anchors the FQDN to the root zone, how would I be able to determine that I need to use the global root zone rather than local lookups? The DNS spec allows users to have local zones named similarly to all TLDs, which would be authorative responders for DNS requests that don't anchor to the root with a trailing dot - or have I missed something?

You are completely right - but this distinction is just dead today. I read a lot of technical documentation that involves FQDNs and they almost never include a dot. Adding the dot often leads to problems as example.com and example.com. will not be normalized. End users also are just befuddled when they encounter the extra dot.

On practice, instead of trying to follow a dead specification it makes your live easier to never use local zones and always use FQDN search domains if you can. Having a local zone that appears in the public suffix list is outright dangerous, and with how fast that grows, no local name is safe.