Hrm.
For anyone else curious, I wrote up quite a bit on how anodizing occurs, and how to build an anodizer, in a couple posts on this thread here:
http://www.bladeforums.com/forums/showthread.php?t=690293&page=2
But, troubleshooting time.
Okay, first, to describe what is occurring electrically...
Amps = Voltage / Resistance.
Amps is a result.
Your power supply can put out anywhere from 0-120 volts, and draw up to 1 amp max. You can see by the simple formula above, that the higher the voltage, the higher the amps. Double the voltage, you'll double the current.
The reason your voltage is suddenly plummeting, is because that power supply is only rated for 1A, and it has current control turned on. Current control is a bit sneaky, because, as you can see from the formula... current and voltage are chained together, and the only other piece is resistance, which isn't changing. So, to control current, the power supply actually controls voltage, internally.
Suppose you were trying to anodize using 100 volts, and your resistance was only 20 ohms.
Amps = Volts / Ohms
Amps = 100 / 20
Amps = 5.
Uh oh, your power supply can only support up to 1 amp max before it fries. So, what does it have to do? Internally, it has to ease back on the voltage, until it's drawing at most 1 amp. How much?
Max 1 amp = Volts / 20
Volts = 20.
Make sense?
So, the basic operation of you power supply goes like this:
1 - Tries to supply the voltage you set it to.
2 - As long as the amps are less than 1, it keeps it at that voltage.
3 - If the amps rise higher than 1, it drops the voltage to limit the current to 1 amp.
Now, you'll also notice, your power supply lets you *manually* control the current too. This just lets you set a different 'max' current.
So, for example, if you wanted to use constant current of 0.1 amp.. you could just set it to that, and then crank the voltage as high as it will go. It'll probably never end up at the max voltage because it would be constantly trying to smother it to keep the current no higher than what you set it to.
...
First thing to check, is that you didn't manually set it to max out at a lower current. If you set max current to 0.1 amps for example.. you'd be causing your voltage to die off much quicker than it was supposed to, to not exceed 0.1 amps.
If that doesn't work, the problem is that your circuit simple requires to draw more power than that power supply can put out, at that voltage. That is the only cause of the voltage dropping down like it is.
Now, there are a few things you could try to do differently:
1) Don't do a full dip. Note that the third variable in the equation is resistance. The more metal you submerge, the more "options" the electricity has to leak out, and less the resistance. So, try dipping just 1/4" of the end of the handle if you'd like. That would diagnose whether the issue is power supply related. If it anodizes to higher colors when only a little bit is dipped in, the chemical process is working, but the power supply is inadequate. At the very least, you can dunk 1/2 the metal at a time, which should perhaps double the amount of voltage you can give it before it maxes out the power supply. It doesn't matter which 1/2 way you dunk it.
2) Use less electrolyte. Why this works is a bit harder to explain. Basically, the titanium-oxide layer that forms when you anodize, resists electricity flow. So that is how you can build up an even coat, rather than just the electricity taking the shortest path. As it takes the shortest path, it builds up an oxide layer, and suddenly that's not the easiest path anymore. If this worked perfectly, amps would never be an issue, they would just mean that the reaction occurs slower, until every electrical "hole" is "patched" by an equally thick oxide layer.
However, some electricity always "leaks" out through the surface anyway, indefinitely, in a way that does not thicken the oxide layer. If your "leak" current is too high (too much surface area), there won't be anything left over to anodize the unanodized parts, or the less-anodized parts.
Part of what makes this an "easy" way for electricity to "leak" out, is how conductive the bath is. If the bath is really good at carrying electricity (lots of ions in solution), then there's going to be lots of leakage. Very low resistance. Very high current draw.
So, in some ways, you want the circuit to be poor. You want the electricity to have to hunt around and find the easiest way out, which is out the thinnest-anodized part of the metal, all over. Try starting with distilled water and just a pinch of TSP (or baking soda, or table salt, or whatever, it really doesn't matter).
However, you can also have too little. For example, if resistance to get to the other side of the bath is too high (picking ridiculous numbers):
Amps = Volts / Ohms
Amps = 100 / 1,000,000
Amps = 0.0001 .... very very tiny. So that's not any good either.
...
If you determined that a partial dip did not affect the highest color you could anodize to, then the problem is chemical.
There are many grades of Titanium, I don't know that Benchmade always used the same grade. I do know that different grades have different abilities to anodize. I also know that the higher voltage colors are sometimes not reachable without the surface of the titanium being etched first. Etching roughs it up, which gives more interference patterns, which is where anodizing color comes from.
Most etchants are dangerous, I suggest using the Multi-Etch from Reactive Metals Studio, which is kinda special. It also works for stripping the anodizing layer, if you screwed up and used too high a voltage.
...
So, there you go. Take that, and see what those tests determine for you, and that'll help me diagnose further.