David, I like to go about an inch. It might be overkill but better safe than sorry. You can use 2 strands of sinew, applying one after the other to get a full inch of wrap behind the point.
James Parker made a antler point a few years ago with a tip. He cut 5 grooves from tip to the back end, around the antler point and inserted 5 micro blade, kind of like the old Satellite points. James shot a doe through the shoulder blade, recovered the deer and only one micro blade came out of the head.
That is a cool idea with the bone and obsidian. Should work fine, especially through the boiler room.