Zack, please enjoy this meerschaum cutty pipe, especially when it is in such a good shape.
One pipe I acquired in 2017 is a meerschaum cutty pipe that looks very similar to yours here in the photo, and it has been the gateway pipe for me to enter the meerschaum world of pipes. It was an Aha moment after I cleaned it and smoked folded flake in it - perhaps my skill of smoking flakes in a folded manner was not great, but it immediately became the champion pipe for me to smoke flakes, and it delivers more than 10 times better than other briar pipes I have for smoking flakes fold-and-stuff.
I also became awake of the cutty shape design - of my meerschaum cutty and my clay cutty, plus the spur at their bottom. That led me to have a blunt conclusion after finishing the first two smokes of flakes inside this meerschaum cutty - all briar cutty pipes are mostly gimmicky despite some makers such as Eltang create beautiful briar pipes in cutty shape. Cutty is a very functional, if not also aesthetic form, for the material meerschaum and ton / clay. Meerschaum and clay are designed to burn hot, especially when they are in shapes that have thin wall, during smoking, and that is the function of the spur at the bottom of these 18/19th century pipes - for holding with two fingers when the bowl is hot during smoking. The chamber of cutty is also designed to be pointing very much forward away from the face of the smoker, instead of pointing upwards like most briar pipes. This is very elegant as the smoke will not easily gets to the eyes or the face of the smoker, and this is facilitated by the fact that clay and meerschaum will not burn those, and the material just functions normally as the tobacco burns towards the bottom of the bowl, regardless of the temperature the tobacco burns.
I too understand there is the school of smoking where smokers sip so slowly that it barely keeps the amber lit. I too have pipes in shapes of or similar to the cutty shapes. A horn shape pipe burnt through badly during my earlier year of smoking - the bowl wall nearer to me got burnt through, i.e. when the amber went "under" the bowl. I have three churchwardens in the shape of cutty and I had to be really careful when I smoke them so that charred rim does not develop on the side facing me. On the other hand, there is totally no such worries when I use my meerschaum cutty pipe - no matter how wet the piece of flake maybe and how hot it may burn, and meerschaum absorbs moisture really well too - better than briar does I have to say.
I am going to enjoy folded flake in my meerschaum cutty now.
Have fun with yours!