To clarify, I’m not worried about the steel at all. My only worry is the strength of the handle material in that .08 slot. I’m afraid it will break.
At least the last number of replies are aware that it it's not the steel you're worried about and they have given good solutions.
Maybe this will help clear it up, what diameter is the lanyard hole you drilled in the tang and what is the outer diameter of the lanyard tube you plan on using? Are they both the exact same diameter, as in both are 1/4" (or w/e),
OR is the tube a bit smaller than the hole you drilled?
As long as the outer diameter of the lanyard tube is a bit smaller in diameter (if it's not, you can always buy smaller diameter tube stock), as has already been mentioned, when you go to epoxy the handle onto the tang just keep the lanyard tube (which is going through the handle material and tang) butted up against the top of the lanyard hole you drilled directly in the steel knife tang. That way when you go to shape the handle material itself to the profile of the tang, the actual lanyard
tube that is showing will be more centered in the handle, which in turn means there will be more handle material between the tube and the edge of the tang, because it will be closer to the center. Once the epoxy is cured you also won't have to worry about the handle sliding up or down due to using a smaller diameter lanyard tube than the size of actual tang hole, since the excess area in the tang hole you drill off center will be completely filled with epoxy.
I don't do this anymore, but I used to drill all of my pin holes with a 1/4" bit even though I was only using 3/16" pin stock, so I didn't have to worry about pins and tang holes not lining up perfectly and getting stuck while trying to slide the scales against the tang. I could then simply scoot the handle a tiny bit up or a tiny bit down to get the pins to look perfectly centered, even if the holes is the tang were not perfect centered . Once everything was epoxied in place, the excess area in the 1/4" holes in the tang were filled with cured/hardened epoxy, keeping the handle in place so I didn't have to worry at all about the handle shifting around since everything was now solid. This is essentially what we are trying to say you can due with you lanyard tube.
To answer your other question, there would be not problem using CF for the rear of the handle and wood for the front sorta like a bolster, as long as the other pin closer to the blade wasn't going directly through were the two materials butted up together, because you also want to make sure there is enough solid handle material around than pin as well to make sure there are not weak spots in whichever material you have that pin going through.
Hopefully that makes sense!
~Paul
My Youtube Channel
... (Just some older videos of some knives I've made in the past)