Just engineers do the designing. We have people with science degrees design experiments, validate, verify, test and do all sorts of things with the instruments. I think you're overqualified for that outfit.
It's been my experience that groups of scientists together in the professional world harbor a lot of resentment towards others and especially engineers (engineers get paid more at my work). They like to hoard ideas and are kind of secretive about things. This is especially true in the chemistry field - something about them makes it a nasty work environment. My ex will agree 100% - she worked for a defense contractor and endured it throughout school. Often times the scientist is not concerned with making it work and short deadlines, but more interested in just testing and finding new things out - which is also important to product development, but not as much to a competitive marketplace.
We have a Physics Major with a Master's Degree. He's a great guy. I think he was definitely over qualified for the position. He's going back to school for a master's in systems engineering, something our company recently has felt the need for.
That being said, I dont think a physics degree necessarily black balls you from the field. If you have enough experience with design programs (solidworks, Pro/E, Catia) then that would easily supplement a lot of the schooling. With a Master's Degree then management positions come a lot faster than with a Bachelor's (if that was your goal), and a technical manager is a highly regarded position at our work. No d-bag with an MBA or general business degree would understand the dynamics well.