I think is looks great! For years I carried either a 4" or 4 1/4" CASE or Boker stockman. I still have a couple of nice ones but I don't like to carry them anymore. Many years ago when I was harder on my pants I didn't mind the two white spots I got from the bolsters when carrying them as the pants, pockets, seams, etc., all wore out at the same time. Now, I find that uncomfortable but still miss carrying those old favorites. I think your sheath is a great solution!
Nicely done, too.
Robert