Thanks Barry: In order to get the best of what 52100 can be several procedures are necessary.
1)The larger the stock you begin with, the greater the ratio of reduction by forging possible.
2)All forging needs to be done at low temperatures, 1,750f is the absolute top, this is where grain begins to grow. I forge at 1,625 f. Maximum, and forge down to too cold, using lighter hits toward the cooler range. When the steel quits moving quit hitting. Forging must be balanced, both sides receiving the same relative hits.
3) Multiple normalizing heats from the 5 1/2 diameter all the way to the finished blade, full normalizing heats during the reduction phaze, the more the better. I just sold a Bowie that had 18 full normalizing cycles during the forging process. The grain was as good as it gets. I miss this blade a lot.
3) Quench cycles during the final forging of the blade, full 18 second cycles in cool Texaco Type A. These events go a long way to refining grain and relieving stress.
As to having trouble with 52100, I now believe that the inclusion of Vanadium in the Chenmistry may improve cut but makes tough hard to achieve and keep cut. The vanadium refines grain but also keeps it too uniform. For tough you need a matrix not all the same. Grain of 12 and finer the AND FINER is very significant for many reasons, these will be explored in my future book specifically on forging. Fine randomly dispersed chromium carbides are plenty good enough and will actually compete very favorably with Vanadium without sacrificing tough.
Those who forge too hot will not be rewarded with a high performance blade, this and the right quenching oil seem to be the greatest limiting factors.
A lot of steels will yield a good blade if worked with purpose, thought and science behind them. 52100 seems to know no limit, you can put as much into a blade as you wish, it takes time, tincture of time is a friend to high performance blades, there are no short cuts. The Bowie I mentioned earlier required a lot of time and energy, I have some great photos and she will be featured in my next Ad. in Blade, there will be a two part photo, one of the overview, the insert, a close up of the grain structure. Most folks who looked at the blade had no idea what they were looking at three did and one purchased the knife. I dearly love the steel we are working with now it took 30 years to find her and learn how to nurture her, but it was worth it.
Most problems with high quality 52100 come from forging too hot to save time, using the wrong Quench Oil and not thoroughly exploring the dictates of quality control.
I hope I answered your question.