I'm a Bladesmith by trade.....Blacksmithing is my therapy. I started out doing a little of both, and before I became known for making blades, I paid for my forging habit by making/selling blacksmith type items. The reason that I say blacksmithing is my therapy, is because Bladesmithing requires a great deal of concentration, and precision when your at the forge. With most blacksmith type items, the more "beat up" they are, the better people like them.
I once took on a consignment to create a scroll work sign post for a lady....when she came to inspect it, she told me that it did not look "Blacksmithy" enough. I pondered that for a day or two, then took it apart, reheated each piece and took the peen end of a large ball peen to them...marking them all up, reassembled it, and then doused it with flat black spray paint (I had previously put a hot wax finish on it). The lady was thrilled when she came back for it, and thats when I understood.
In my experience, working with a blacksmith will teach you a great deal about different techniques for manipulating steel, and tooling you can utilize. Where most Blacksmiths are lacking is the understanding of working carbon/alloy steels, and heat treating. Thats not dogging anyone, it just a fact, since most "Blacksmiths" tend to work with mild steel, where heating and cooling are not issues in the finished product.
Many people do not understand the term "Bladesmith", and will say something like "You mean your a Blacksmith?"........"Oh! You shoe horses!"

Thats a whole other story.