If anyone tries the PBC compound, pay special heed to Terry's temp comments. I recently tried this on a damscus blade. Tried normalizing it coated after grinding, then hardening, based on Admiral's HT info temps on 1084. Thus, it had 4 cycles, 3 of which were in slight excess (1625F) of Terry's claim but lower than the label claim of 1650F. It corroded and pitted so badly that what started out near 1/4" had to be ground down to about 5/32, and I've now got one of those "disappointments" sitting around.
Out of curiosity, I called the tech department at Brownells to inquire as to the composition. All they could tell me is it contains boron. They sent me an MSDS but it didn't state anything more than "contains boron". Something in this mixture turns very acidic at elevated temps, so I recommend it be used for one temp cycle well below 1600F and removed in boiling water immediately. This caused enough stir at Brownells that I got a personal call from Frank Brownell, offering me a "compensatory" can of the powder, which I declined cuz it was my screwup. Haven't tried it again, but, DANG, didn't it turn out great on Terry's blade.
Obviously, this stuff isn't for stainless...temps are wrong.