All this over lettering what amounts to Moe, Larry, Curly & Shemp onto a Quarter sized grip cap.
If you can read 'United States of America' and 'Quarter Dollar' on a 25cent piece, you can read lettering that's about 1/16" tall.
It'll all fit and more for the added family history in the future should the heirloom need additions engraved.
If the gun is one of the Grade V (?) guns, fit a nice steel cap to the grip with the hidden fastener to avoid a screw in the center.
Then have an 18k gold oval center inlayed/soldered to the center. Have the engraving done on the gold, it always looks classy. The gold doesn't have to be thick,,30ga will work fine. Even a bit thinner will work.
The laser cut lettering on the wood is clean cut and excellent quality from the pic, but it just doesn't carry the idea of a hand-me-down heirloom firearm to me.
More like a sign at a State Park pointing the way to the restroom.
Some people paint their guns bright colors too and love them to death. Everyone's free to do as they want to.
You can get stick on gold letters at the Home Depot that look pretty nice too if applied with care.
Go with some class, even if it's only a little.
Just my opinion of course.
If you don't like the plastic Browning butt plate, fit a thin rubber recoil pad (rifle pad) and leather cover it.
Just some more ideas to kick around,,