Austempering creates bainite, the hardness will be too low for a good knife blade, although toughness is increased. Marquenching is wonderful for steel. Marquenching is quenching in oil or in salt bath typically at 300-400F. My understanding is you do not want to marquench for too long. Many heat treat shops marquench (also called martempering). Distortion is about 1/2 of conventional quenching, and toughness is greatly increased.
I have wondered for some time, about patent 4,180,420 by Gillette razor blades. This 1979 patent used "isothermal annealing" to create stainless steel razor blades with .3-.4% carbon. They claimed hardness better than conventional stainless steel razor blades with .6% or more carbon - well over Rc60. The low carbon content greatly improved corrosion resistance compared to the higher carbon content blades. They said the isothermal annealing produced "a fine carbide microstructure comprising about 200 to about 500 carbides per 100 square microns, hardening them under conditions in which the fine microstructure will be substantially retained". They give the alloying used in their steel. It looks like the Gillette razor blade material might be an excellent knife steel.
I have wondered for some time, about patent 4,180,420 by Gillette razor blades. This 1979 patent used "isothermal annealing" to create stainless steel razor blades with .3-.4% carbon. They claimed hardness better than conventional stainless steel razor blades with .6% or more carbon - well over Rc60. The low carbon content greatly improved corrosion resistance compared to the higher carbon content blades. They said the isothermal annealing produced "a fine carbide microstructure comprising about 200 to about 500 carbides per 100 square microns, hardening them under conditions in which the fine microstructure will be substantially retained". They give the alloying used in their steel. It looks like the Gillette razor blade material might be an excellent knife steel.