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Turco, which was a popular blade coating a while back, seems to be a lacquer base mixed with yellow ochre and boric acid/borax ( maybe some gum tragacanth tossed in the mix, too). You must keep the blade below 1600F or the boric acid will start to eat into the steel.
First off, you want more heat than simply non-magnetic for any hardening process. Non-magnetic is 1414° for all iron/steel. You need a minimum of 1450° and ideally 1475°. A shade of red above non-magnetic will be close enough, but 01 is not at it's best without a controlled heat soak at that temp for 15/20 minutes. ATP-641 is very good decarb protection up to maybe 1600°. One jar of this stuff will go a long way.
I've had great results with ATP 641 anti scale compound from Brownells. Not DIY, but for about $15.00 it lasts me at least a couple of years. I warm the blade slightly with a torch, brush it on and let it dry or even put it into the oven wet. Works great, and then flakes off in the quench. I've used it on O1 and 1095.
Dick