@lockmanslammin
That drawing of your proposed handle looks really nice, but I would advise against it on your first bow based on the following:
1: A lot of the less experience bowyers seem to make their tiller as good as they can, and then designate whichever limb is stronger as the bottom limb, as it can be hard to gauge how it's going to turn out until it's finished. That overhang would force you to make that decision from the outset.
2: I'm not saying it can't be done, but I would advise against cutting into the back of the bow like that. If it where a takedown bow, that would be different.
Unrelated to the direct question, but relevant and learned from experience: If you're going for a rigid handle, I would recommend that you avoid doing much shaping on the handle, except for working in the fades until the bow is nearly done and making the belly side flat. If you plane the belly of the handle flat and work it just to where it sits level on your tillering tree, the whole tillering process is a lot easier to work with in the meantime. Additionally, if you screw up in the tillering process, the wood just can't take it due to a hidden defect, or whatever, and it breaks, that at least saves you the effort of doing a whole lot of carving that won't pay off anyways.
Again, I'm by no stretch an expert bowyer, but those are my thoughts anyways. And if someone with more experience wants to say I'm wrong, I defer to their judgement.