Hey Wade;
IIRC, 2 contemporary survival authorities, the late Chris Janowsky, and Jeff Randall both designed knives with that feature in the knife. Janowsky's (I think was called the Ranger) knife had no scales, and I can't remember how Jeff Randall accomplished it.
As far as:
One is that I feel that if I have to resort to a fire bow to start a fire I am in more trouble then a fire will fix. The other reason is that you will be putting a lot of pressure on the handle of a sharp object. That doesn't sound like a good idea to me.
To each their own, but for me, a friction created fire might just be what it takes to get you out of trouble. Also, if you hold the knife, say in your left hand, with the edge facing away from you, and the blade pointing to the left, you should not have any problem.
I read somewhere, it might have even been in bladeforums about a guy who made the divot in the scale of his Swiss Army knife. I don't know how well it worked though.
If it was my knife, and the divot would not negatively affect the knife (I don't know if it would adversely affect the micarta), I would go for it. As it is, I've been working on a design for a belt buckle that will double as a top bearing. Nothing yet. The other thing, of course, is that if there's wood for the bow, drill, and hearth, there would also be enough wood for the top bearing.
Anyway, if you do it, let us know how it works out.
Doc