Resolved all issues with the build now. Have a new build of awesome 3.4.7 and added it to dropbox along with all the build dependencies.
Cairo needed to be rebuilt with cairo-xcb enabled. Some of the fedora guys have reported issues with so will see. Nothing strange at this end at the moment.
libevents has also been updated to libev and that is in the dropbox folder too.
Hopes all works ok. We would be one of the first distros to have awesome 3.4.7 as most are on 2.3.6 builds still.
Hope you all enjoy for those who need a smaller wm then openbox.