You can knife edge G10, no issues at all. The issue is, it will retain its sharpness and will cut. The only reason I have ever knife edged G10 or carbon plate was for minimum diameter builds that were going to receive carbon or glass tip to tip. This lamination process will "thicken" the edge and it will be rounded out a bit once the laminations are complete.
If you have a router table with a fence, one of these burrs is an excellent way to bevel fins. The fin is pushed between the fence and the bit. The fence is set so that the bevel almost meets the centter of the G10 thickness, leaving a micro flat on the edge. You could set it to razor, but you will be sanding these afterwards anyway, and you can choose your radius at that stage. This is safe, and does not have the same level of kickback danger as standard router bits. Proceed with caution as always, however. Safety glasses, respiratory protection, maybe a thick shop apron, etc.
There is also a shallowr bit, maybe 7 degrees? I do not recall exactly. I have not used it, yet.
CJ shared this technique, it is awesome. Quick to set up, easy. Problem solved.