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Scott
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Kind of thinking out loud...

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Duplicate the group with effects..

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With the duplicate group highlighted, choose Layer > layer Style > Create Layers

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You'll then have a layer for ever style applied.

Hold Command/Ctrl and click the thumbnail in the Layers Panel for the Outer Glow to load a selection based upon its transparency.

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Delete all the style layers and the duplicate, create a new layer and add a mask based upon the selection of the Outer Glow layer.

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Result is a layer matching the size and drop off of the outer glow but you are free to add whatever you want to the actual layer.

Scott
  • 211.5k
  • 21
  • 297
  • 575