I used a 1/16" up cut bit and the suggested easel speeds for the bamboo and walnut. The pocket in the bamboo is .23" and the inlay was .25". I didn’t cut all the way through the inlay when I did the carve so I didn’t have to use tabs to hold it in place. I planed the walnut down to about .28" before carving, then ran the carve (face up) over the jointer to take about .02" off. Then finished removing the inlay by sanding with 80 grit.
Next time I’d probably take the inlay wood to .15" Max and make the pocket no deeper than .125" for time purposes.
It only took me about half a day from the time I got the courage to resaw my giant walnut slab to completion, so not too bad. The carving was about 2 hours total.