LRB, perhaps you are accidentally moving the decimal one place??? Also, we are talking about 1095 here. Stainless steels can be much thinner before HT.
We are only talking about removing about .010-.015" per side to get the final dimension on a normal flat ground knife.( if you removed .020" per side from a .030-.040" edge blade, you would have a full flat grind to the edge, and the edge might chip easily.)
For those who can't think in thousandths of an inch - Lets do some experimenting.
Get your good micrometer out of the shop, and then pull out a sheet of printer paper. Probably 20# bond. Look at it sideways, Pretty thin stuff !
Now measure three sheet at one time for their thickness.....I'll wait while you do it .....OK, probably about .010-.012". Now, does it look too hard to sand that much off a knife? Look at these three sheets sideways, that is about the edge thickness you want to sand down to before sharpening for users....maybe two sheets on a slicer.....one on a sashimi.
Just for fun, grab ten sheets...that is the final edge thickness before HT. You can get away with five sheets when you have more experience and with stainless steels, but .040 is a good edge thickness to avoid warping for 1095.
On most knives, I take the blade to 400 grit pre-HT. I do 220 and then 400 post-HT. The 220 step takes off about .010" and the 400 step takes off about .005" ( per side). Each grit takes about 10-15 minutes max. Much less on a smaller blade. The usual post-HT time to hand sand a normal size blade is about 30 minutes. At that point it should be dead flat and have no scratches.
The last sentence holds a lot of the reasons for removing .010-.015" per side. A knife just out of quench and temper has at least two things wrong with it. It is almost surely not truly flat, and probably has some scratches on the surface. If the knife was made from high carbon steel and done in a less than optimal HT setup, there is also going to be a thin layer of de-carb. If you just touch it up with 400 grit paper after HT, it will probably look OK, but will not be completely flat...or have the deeper scratches removed.....and may still have some de-carb. Taking off the top skin for .010-.015" will take care of these three things pretty well.
I have made hundreds of blades where I removed much more than this by hand. It takes very little time. On a sword blade, you may take off as much as .100" in shaping the blade.( OK, that takes a lot of time)
Also, every person who I have made up a starter kit for, used these thickness numbers, and produced a fine knife by hand sanding.