You can make the ring more user-friendly by taking off just the sharpest part of the edge with a small file. Tape around the ring first, to protect the rest of the handle from the file. You might only need to blunt the side of the ring that digs into your palm, since the other side of the ring will fit between your fingers.
I've found over time that the ring doesn't bother me because my grip adjusts to it. From what I've read, Nepalese farmers do their chopping with a relatively loose grip, taking small swings, rather than the tight grip and giant swings that Westerners are used to. The ring is more of a problem if you use a tight grip.
As for the butt plate: Usually when there's a problem it's because the top of the butt plate digs into the hand. Sometimes you can eliminate that by adjusting where you hold the handle. If it continues to be a problem you can usually fix it with a file by rounding off the end of the butt plate. As phillllllllll says, go slow and keep trying it. You don't need to remove much.
I don't think the butt plate is for pounding things, as they are usually made of soft metal. It's probably cosmetic and to give some protection to the end grain of the handle. The ASTK model has a chiruwa-style handle like the CAK, but no butt plate. Thing is, you don't know what condition the end of the handle is in until after you remove the butt plate, so you might find yourself having to do extra work to clean it up. Better to leave it on and file off any edges that bother you.
p.s.:
You're in luck. There's a new thread in the cantina that shows a chiruwa-type handle where someone removed the butt plate:
http://www.bladeforums.com/forums/s...New-project-WWII-MKII?p=12883790#post12883790
It's not a CAK, but the pictures can give you an idea of what might be under the butt plate of your CAK. Yours could be better, could be worse.