First impression looks great but if I must nitpic and it is nitpicking as the design can stand on it's own as it is...
I like the colours. I'd have a bit more space either side of the name to negate some of the negative space caused by the "L" it's throwing the name to the left...you don't really need the panel behind the name (unless you are relief cutting?) so I'd drop the lettering down a little.
I like the broken pinline...adds interest.
Bit flat across the bottom inner border, I'd follow that curve around or maybe drop in small flourish but that would mean making the flourishes on top smaller.
Now that I look at it they are overpowering your pictorial a little as it is. I'd also bring the top ends in and make them follow and hug the oval more so they look more integrated.
Are you bevel cutting the lettering? If so I would try a different type face (but still stick with a Roman) to get some more meat into the thin strokes...something like Goudy, the oldstyle bold comes up nice gilded. (PJ Gallaghers pubs)
Sorry mate, but that's what I see. Hope I'm still on your Christmas card list!
Ps Goodluck with your American adventure if you decide to leave us. I hope it all works out for you. You do some great work.