Alright, I took it out this morning, and I think it worked well.
It did slide around on me a little bit because of the elastic, but just as I was walking with it. When I shot with it, it worked fine, it didn't get in my way, or mess with my grip. Mike2, she is going to make me one for my 30.06 as well and I think we will try Velcro, great idea thanks.
The threads did not bother the bolt/charging handle, will continue to keep an eye on it though.
I think it made a big difference, great coverage; it looks great, I am very happy with it, and will continue to use it.
The main downside I see right now is that is prohibits changing the parallax on the fly because the scope is covered up. Not a huge deal, you just have to calculate a little in your head.
Thanks for all the compliments, I have shared them with my wife, they will keep her motivated and I'll keep my little sweat shop going :0).