Edge Packing -- I have a lot of theories, but can speak specifically to ne steel, 52100. If we forge at high temp, 1750 and above, there is little benefit to the steel as the grain grows with each heat, negating the most beneficial consequence of forging.
The more forging at low temp., 1625 f. maximum, the finer the potential grain size. We have reduced grain size by two points by purposfully concentrating as much forging activity in the area of the lower third of the edge, this is after forging down from a 5 1/2 inch round bar, about 98 point reduction by forging. Every hammer blow is of consequence to the steel. As us the temperature range it is forged through.
With the right steel, and proper plan, edge packing could be of some benefit, ie forging down through a black heat. This could approach cold forging, except it follows higher temperature forging. Smiths who forge at temperatures over 1700 may realize some benefit, but with 52100 steel you can get a lot further by working at lower temperatures all the way.
I have to go to work, will be back, any thoughts or questions will be addressed if you like. Thanks to the invite to this thread.