I think the argon would work great for O-1; in fact I've considered rigging up a system myself. It would definitely keep the blades cleaner.
I wrap my stainless blades in a single layer of ss foil, double crimp the edges, and pop 'em in the oven. I used to put a small bit of paper in the packet to scavenge oxygen, but I got a packet or two that puffed up, so I stopped doing that. Whatever oxygen is in the packet really isn't goint to do any harm if you wrapped it tightly and have a good crimp.
I do plate quench in the foil. I sandwhich the packet on the plate with just the butt end of the packet exposed from the plates. After the blade and packet have stopped glowing (somewhere below 1200), I snip the packet open, grab the butt with pliers, and pull the blade out to check for and straighten warps. If all is well, I re-plate out of the foil and leave it until it's room temp.
A tip: be cafeul that the crimp doesn't overlap the tip, or it will cause a warp once the plates tighten to it. As long is it's only one or two layers of foil, it won't really slow down the plate quench to any noticable degree.
Again, for O-1, argon injection would be an awesome setup, but I'd definitely use foil for stainless.
--nathan