Holding the knife with the clip there I actually prefer how it feels. I had another BG42 Military with an Emerson clip you had installed mounted lower and it worked, but I think if you feel confident trying to put a clip there or near that position I'd like that better for the deeper carry. Either way I'm not concerned about the lanyard hole, I don't use it on folding knives. I do feel strongly about getting the Endura 4 clip on there though, it's my favorite clip outside of the wire clip. I can just mail you the clip with the knife if that works for you.