What Nasty said. I'd recommend arak but I'm out. I'd recomment ouzo but I'm out. I'd recomment bourbon but...nevermind. Maker's Mark gets the nod here.
Thinking it over again, the sheath is still a sticking point for me. (Pun intended.) I'm not sure what's historically accurate and I'm not sure that anyone else knows either. I'm guessing that the HI sheath would be most appropriate on the belt, front or back - your choice. Either would provide a fairly quick draw. Nods to the front for a slightly quicker resheathing action. Hanging a knife on the belt directly over the groin is not uncommon in some cultures and makes sense when you think about it; it keeps it out of your way for almost every situation yet still allows you to sit down. (Folks sometimes tease me about my shoulder holster at work, but those folks don't ride in a van with their weapon either. As I said, carrying options depend on the user. Hanging a weapon on one's hip is fine but it does get in the way occasionally.)
I'll state it for the record: I don't like the HI sheath. It didn't provide anything close to proper retention without modification. I glued some leather shims inside mine to squeeze the blade a bit and dyed it black. It's not quite what I want but it's closer. The "retention" strap does anything but and will probably be removed eventually. As for the knife itself...no complaints. It's a nice piece of kit. If this was the worst I could say for every manufacturer's knife I'd own a lot more of them, if you know what I mean.
Also on second thought, what DIJ said makes a whole lot of sense to me on the seax issue. I've done a very small amount of knapping and I can certainly see a correlation between what's easy to knap and what seaxes look like. Another way to look at it is to look at the "utility" knives of today - look at the more rounded, less pokey seaxes and compare them to the large blade on a SAK. Some blade shapes are just plain handy. I'm quite sure that the Saxons knew this. (Indeed, you'll see parallels between their utility blade shapes and our utility blade shapes in a number of cases.) Our wheels may be more streamlined today but back then they certainly understood that round things roll, if you get my meaning. Sometimes I wonder if we lost the pointy tip because of steel types in common useage today rather than actual performance.
We will probably never know the whole story on the seax. Very little was committed to writing back then and most of what was, has been lost. Consider us lucky that we have enough existing examples to at least have an idea of what the tool was like, let alone the method of use.