If we stand any chance in this series whatsoever, we need to be positive imo. Ok so the Indians are the best players of spin in the world, but I still think Monty should be given a go. He's our most attacking spinner (actually maybe he's our only attacking spinner) and would do more than just hold an end up and keep it tight while the quicks try at the other end.
The Indians have been watering the outfield, so there is unlikely to be much reverse swing, that means we need accurate bowling from the three quicks and the spinners to make use of a dry pitch. Playing a fourth quick doesn't make any sense, so I think Monty and Blackwell should both play. Collingwood could be used for bowling as well, though it's likely he would be used just to keep things tight, can't see him taking many wickets.
It's an impossible task but with a bit of luck Freddie can get the team fired up and they can come out fighting.