No! Please don't do this!
Recessing the clip on a knife like this, which is designed to allow the clip to be used on either side, usually means having an open clip recess on the show side. Most of the time, such a recess either looks ugly, creates ergonomic issues, or both. Some companies address this by using a filler plate but I might have only seen one or two knives where that ever worked with the overall aesthetics of the scale.
So long as the screws are flush and everything else is right, I am 100% fine with a tiny and often totally insignificant bump where the interior of a loop-over terminates.