Looks sweet Lefty, already quite a shine. I'm looking forward to the results after the rouge.
Stabilising is a hotly debated topic in lapidary land; purists will tell you it's blasphemy and it alters the natural state of the stone. I always want to ask if their jewelry collection consists of big, uncut & unpolished rocks, wrapped in pure unadulterated gold/silver as it comes out the ground.
I really can't see the problem with man-made/altered materials and even think it's smart to use all available means to preserve and protect your hard work and the beauties that are a result of that.
The only issue I can see with stabilising is the colour change in treated stones. The colour of turquoise gets deeper and the stones take more glassy shine when stabilised. I think this will be the case with malachite as well.
You can use most stones in jewelry, stabilised or not. You will have to work with the properties of the stone when choosing a setting: soft, crumbly and brittle stones are preferably set with a full backing (which can have decorative cut-outs or a window), not just a bezel. Or with enough material surrounding it and taking the stress of wear, like raised prong setting where the stone sits comfortably within the metal, not protruding outside anywhere. This will protect the stone from scratching, or worse.