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The frog style or that stud thingy is used a lot on larger knives, longer bladed ones, I've seen guys that would punch a hole in their belt so that the stud would 'snap' into place under the belt so it's less likely to be pulled out or accidentally slide below the belt too.
Sheath is worn at an angle and drawn in a cross draw method, typically. A fast and quick way to carry a knife or to remove a knife and sheath from your person if you need to go in somewhere knives are frown upon, just leave it in the truck.
Icewind, looks like some work there sir! nicely done, my one critique would be if you are wearing it on your right side with the strap closure, I would have made the strap to face to the edge side of the sheath, so when you are walking through brush, it would have less chance to catch on something and come undone accidentally.
G2