does this look better?
honestly, due to the handle being made out of only one plane-per-side, it creates an insane stretch of the texture and nothing can really fix it well enough. i would suggest that you make your handles out of small repeatable parts, if you choose a small texture like a dragon's horn, which was impossible to wrap well on just one extra long segment.. so i went with the dragon's tail scales
EDIT: and i'm not liking those balls orbiting the spear, they are kinda much better if they're done via billboarded planes, which makes them very circular. and all you need to do there would be to create 4 bones that follow the rotation, move them to the center of the 'ball planes' and rig 'em to the bones, which are set to billboarded.. i can do that too if you want, but.. '~'