I wouldn't use a pipe cutter. They're great for metal posts, but there's a fair amount of crushing in their mode of operation which isn't that suited for CF. I'd use a fine tooth hacksaw instead. Regular tooth count is 24 TPI(which works too) but if you can get a 32TPI blade it'll cut smoother. Dremel and a cutoff disc is another option. Try to avoid the dust. Mark well. Wrapping masking tape and then cutting through the tape can help keep the cut smooth too. After cutting, sand smooth and bevel the edge a little.
But start with asking yourself this: is it worth it? you're looking to save what, maybe 20-50 grams?