My experience with making multi-tool blades has been confined to working with steel that didn't need heat treat after, or was already hardened. You will need to adjust the procedure to allow for decarb, scale, etc. to be cleaned up post HT. As others have said, it will be easier if you can start with a longer piece of steel so you can have a "handle" as you shape the blade. Holding the pivot area with vise-grips while grinding leaves a bit to be desired... Pay attention to the thickness of the original blade, and either eventually grind the material to that thickness, or make sure you have room for thicker material if that's your desire, or can get washers to allow the use of thinner material. If you are changing the blade shape, make sure it will fit and fold into the handle, a plastic or cardboard mock-up can help with this. Drill the pivot hole in your steel stock before grinding anything, use a piece of pin stock, or the pivot pin and line up the original blade over your steel stock. Draw, remove the original blade, then cut, and grind your new blade shape. Line up the original blade again, and carefully scribe around the back end and any lock notches. Consider how far outside the line to cut if needing to clean up after HT.