I was basically doing it the way you describe Razorback. The edge is just a little thicker than I want before moving on to finer belts. I guess now I need to start moving the grind back up the blade and thinning it out. I'm using a 1"x30" belt sander, and can bog down the motor using a piece of wood. I may have to try the other methods mentioned, or I'll be at it for 20 hours. I use the belts to polish 1/2" plate to etch welding coupons, and the 40 grit took out the rough torch marks pretty quickly. That was against the platen though.
A quick question about heat treating convex grinds, if I may. Can you take them down to the final shape, so you just need to polish and sharpen after HT, or should the be left with a little flat on the edge to help prevent warping and such. I plan on making the real knife w/ A-2, so there won't be an oil or water quench. After the time its taken to grind, I'll be making it out of 1/8" stock instead of 3/16" as well.