Chronos said:
I'm just a bit uncomfortable with notion of the gravitational field of a black hole as a fossil field - i.e., a relic of the matter field present before the black hole formed.
It's not a "relic" any more than the field at the Earth due to the Sun is a "relic". Both are due to the presence of stress-energy in the past light cone.
Chronos said:
How would the system orbit decay via gravitational wave emission from a relic matter field?
Once again, spacetime curvature, which includes gravitational waves since those are waves of spacetime curvature, is ultimately due to the presence of stress-energy in the past light cone. If the system is a black hole binary, then the configuration of the stress-energy in the past light cone is such as to produce spacetime curvature that describes a black hole binary, including the gravitational waves it emits.
Chronos said:
Would you not also expect a Shapiro delay in GW's emittedy by a binary black hole system
I'm not sure how the Shapiro delay is relevant here. The delay is observed in radiation that is emitted from a source far away from the gravitating system, then pass close to it, then come out to a detector far away. We are talking about radiation that is emitted from the gravitating system.
Chronos said:
I sense causality issues.
I would suggest reading up on the initial value formulation of GR. It is a proven theorem that, given reasonable initial conditions, the Einstein Field Equation has a well-posed initial value problem. In the case of a black hole binary, the initial conditions would be the original configuration of matter fields on a spacelike hypersurface that describe two objects (such as stars) that will end up collapsing into the two black holes orbiting each other. The existence of a well-posed initial value problem is what ensures that the statements I have made about the spacetime curvature at a given event being due to sources in the past light cone are justified.
I would also recommend reading up on ADM energy and Bondi energy for an isolated system. Both of these are well-defined integrals that can be evaluated at infinity (spacelike infinity for ADM energy, future null infinity for Bondi energy), and the difference between them is precisely the energy carried away by radiation. This is a well-studied subject and the statements I am making are not at all controversial in GR.