Thanks for the comments fellas, and I tend to agree with you.

The only problem with attaching the sheath to a bag strap is,.... I have 5 shootin' bags.
Unless I make 4 more sheaths and attach each sheath to a bag, the knife will only see limited use.
But,.... if I use it as a neck knife, it won't matter which shootin' bag I'm using.

I've turned to this same thought process with my powder horns,.... I used to have a horn attached to each bag, but find it handier to just have one horn for FFG, and another for FFFG.