That ferric is a little weak, so the etching time could take much longer,my ferrice is 3 to 1 mix.
Here's how I would do it.........
1. Once your done at the grinder, hand sand with 400 grit until ALL the scratches are removed.
2. Clean the blade WELL, with acetone or the likes.
3. Ensure the ferric is slightly warm (70-90F)
4. Suspend the blade in the ferric for 15-20 min.
5. Take the blade out, and scrub the gunk off with #0000 steel wool. If the etch is not to your liking, repeat steps 2-4.
6. Once you have the topagraphy you desire, soak the blade is a saturated TSP solution for 10 min., then scrub it with the steel wool again in clean water.
7. Clean it once again with acetone, dry, and then oil.
Cable etches differently than pattern welded steels in that there are no variations in materials, what you see etched is the decarb between welds. The methodology you use when welding has much to do with how the finished blade looks.
------------------
Ed Caffrey "The Montana Bladesmith"
ABS Mastersmith
www.caffreyknives.com