I guess it's just a matter of what you consider final grinding. Ideally, I'd like to take a blade straight from heat treat, shwack it with a couple of passes on a scotchbrite belt, or hand-rub a finish, and be done with it...ready for a handle and cutting edge.
Unfortnately, that didn't quite happen with this particular knife, but I see the potential for the PBC to work quite well. This particular knife, it was the pitting that made it a sub-optimum piece, and the pitting may be due to something else. Although, I finished it this evening and I kinda dig how it turned out anyway, warts and all.
I'm just a hobbiest at this point, but I can imagine in a production environment, saving time on finish grinding make a big difference in terms of order backlog.
Cheers,
psr