Thanks for the comments guys.
To answer a few questions.
I would guess that I have right around 3 hours of hands on work in that sheath. It takes longer to make due to drying time from the wet molding and cement.
As to the spacers, I have pretty much moved on from the belt attachment shown in this tutorial. I make almost all Randall style sheaths with some sort of X back now, which allows for many more carry options.
I no longer cement any of the attachments to the sheath prior to drilling. I drill the holes first and then fit the attachments. I am a bit anal about making my stitching look good on the front and back.