No need to forgo the sacrificial guard.
Make a mock-up of the tang in mild steel. Leave about 8-10" of "blade" on the bar for a grip. Make a guard spacer in Masonite, Micarta, or plywood, and then put on all the handle parts. The guard spacer is just a backer, and doesn't need to be any larger than the end of the desired handle. Push everything up snug and check to see that the guard-bolster-handle and any spacers all fit flush. If all is OK, there are two ways to proceed....but first, a tip:
Now, this is a really important and professional tip:
Before you do any assemble and shaping, drill two small holes through the guard spacer, through the metal bolster and any other parts, and up into the handle at least 1". These holes should be about 1/8" on each side of the tang hole. I like to use a 1/16" drill bit. Slide in two pieces of 1/16" piano wire (taper the ends, and leave about 1" extra to stick out for later). They should be snug, but not too hard to pull out. You now have reference holes and pins for later disassembly/assembly. Slip the handle assembly, with the pins in place, back on the tang/mandrel.
Now, back to the handle shaping methods:
1) What I do is to drill an undersized rivet peg hole in the handle. Carefully drill it where the final pin will go with a 1/8" bit all the way through the tang/mandrel and out the other side of the handle. Put in a brass pin with one end tapered. This will hold the handle snug enough while shaping. If it is a bit sloppy, take it apart and slip a thin spacer of a business card between the sacrificial guard spacer and the bolster. This should make things snug. Once all is snug, trim off the excess brass pin and shape the handle and bolster as one unit.
2) The second way is to put just a little bit of 5 minute epoxy in the handle hole and clamp tight while it dries. Once the epoxy has cured, shape the handle as one unit.
After the handle is shaped, briefly put a torch on the metal next to the guard spacer and it will all come apart easily.
Sand and shape as needed to get the handle ready for final assembly. Once the handle is shaped and sanded to 400 grit, tap out the brass pin or heat the tang/mandrel as needed to remove the handle.
Before going any farther, make sure the blade and guard are completely finished...sanded and polished, etched, etc. If all is well, tape up the blade.
Pull the alignment pins on the handle assembly and discard the spacer block. Put some epoxy on the handle end and on the bolsters and any spacers. reassemble with the pins and clamp as needed to hold snug while the resin cures. Trim the alignment pins as needed so the are flush with the bolster. Touch up the handle if needed with fine sandpaper.
If you drilled the handle with a 1/8" pin hole, place the handle on the knife and mark the tang with a 1/8" bit through the holes. Just drill enough to make a mark. Take off the handle and drill where the mark is with a bit a little larger than your desired final pin. I like 1/4" pins, so I use a 5/16" bit. For a 3/16" in, use a 1/4" bit. If the tang is hardened, you will need to use a carbide bit.
Put the handle on the tang and up against the guard. Adjust the fit as needed, and when all is ready, tape the wood up to the bolster. Make sure you tape over the 1/8" hole if you used that method. Glue the handle up as normal, and when the resin is cured well, remove the tape and touch up any squeeze out at the guard and around the pin hole. If you did the pin hole method, re-drill the 1/8" pin hole to fit the final pin ( Tip - drill half way from each side to avoid tear out on exit). Pre shape and fit the rivet/pin, and when it is right, tap it out, apply glue, re-inserting the rivet flush. ( If using a mosaic rivet, make sure it is "clocked" correctly).
Do any final sanding and buffing as needed.
This method will give a shaped bolster and handle without messing up the guard. It is the only way to get some curved finger rest shapes in the handle bolster area.