T.J.
As mokumé gané is made out of relatively soft metals you can forge it, drill it, file it, sand it and do all the things to it that are done to a normal pattern welded steel to have a certain pattern like raindrop, small and big rose, ladder or torsion patterns. I have seen beautiful examples of this. Surface texturing and colour variation largely depend on the etching time and etching solution you use on it. As to wear, i don't think that thats a big problem. It depends on the base materials used. But lets say you used for example brass and copper. So wear is mostly like the more stable material, brass and this is a material used on many knives without problems. Plus, i know a goldsmith very well who makes rings from gold/silver and silver/copper mokumé gané. Some of them get daily use since years and have no wear problems.
Achim