I use a lot of MOP. It is brittle, but fairly tough if treated right.
Study the colors and pattern to determine the best orientation. Make sure BOTH pieces are oriented the same way. It can look very different from different ends.
It is soft and works easily with normal tools. It will cut with a jewelers saw somewhat slowly (you will go through a few blades on a set of scales). Use a metal cutting band saw with care or it will chip along the cut. A fine tooth blade is a must.
It files well with a good file.
It sands easily.
Drill slowly with a stiff backer (aluminum works well).
Do not stress it at all .... it is brittle.
Fit pins carefully and peen ever so gently ( screws are far better). MOP is a great material for karat gold pins.
Use fresh and sharp abrasives - AVOID HEAT.
Work slowly - AVOID HEAT. Grinding too aggressively may cause chipping along the edges.
Sand to at least 1000grit ( I often go to 8000) and buff gently with white rouge - AVOID HEAT.
Scraps can be shaped into various things and inlaid into wood or ivory handles.
It scrimshaws fairly nice with very sharp carbide scrim tools. Putting your makers initials or name on edge of the MOP is really classy.
Done well, there is probably no more impressive handle material for a high end knife. It pairs well with engraved bolsters, gold accents, and damascus.
It can be sculpted to make a nice folder a stunning folder.
Frank Niro is the king of MOP in my opinion.
Here is an example of his work:
http://www.bladeforums.com/forums/showthread.php/1082418-Little-suprise-on-the-porch