Hrm. Not thinking before I post, so let me just try brainstorming:
It'd have to be CPM440V. FRN handles, patterned bi-directionally (maybe an alternating forward/back, fitting together teardrop pattern -- I don't know why, but I just think it'd work well as well as look classy.) Dual liners, if you can do that with FRN. Lined lanyard hole.
Flat ground, absolutely no swedge (I love my Calypso Jr Ltwt, but it's hard to put serious pressure on the spine of the blade). Blade belly like the Gunting, except for a straight spine. 14mm hole, although part of it would probably be hidden by the handle -- make it as integral as possible, though.
Handle ergonomics like the Jot Singh Khalsa, but without that insanely huge choil (right term?) on the blade, and with a persian butt. Oh, and with a fingerguard, to counteract Murphy. Also, open down the back a la Gunting or Sebenza -- this unsung feature is one of my favorites. Makes it MUCH easier to clean.
Right-handed compression lock, with a scalloped edge.
Dimensions: 2 7/8 blade (NOT edge, /blade/), and 4 1/2 or 5 inch handle (not sure how it'd work with the Khalsa ergonomics, but hey, I don't do this for a living.)
Don't know if I'd be able to /afford/ it, but I think it'd be a perfect hard-use knife for us >3inch people.