utmts4me,
While I'm still waiting to receive my PBF I do plan to wrap it once it gets here. I'll post pics once I do. As to the issue of underwrapping, extra bulk, and rounding the handle, when you do a "Strider" type wrap, the piece of paracord you use for the underwrap is "gutted". You remove the 7 inner strands and just use the outer sheath of the paracord. This will reduce the bulk and rounding. It will give you a good surface to then use the full paracord for the outer diamond wrap.
To all the rest of you the shots so far look great and I can't wait until mine gets here.