it is my understanding of blueing in general that it does its thing by oxidizing the steel and creating an inactive black oxide coating. This is essentially the same thing as what makes dark lines in pattern welded steel when you etch to make the pattern show up, as well as why a hamon becomes so visibly active through etching.
Thus, it would stand to reason that as you blue the blade, the different compositions would take blueing at different rates, thus, becoming viibly distinct through the blueing process.
However, if you blue it thoroughly enough, in theory, the differences would start to fade. Sort of like what happens if you polish a pattern welded or hamon'd blade, as the abrasives level out the surface, and cut off the dark surface, the distinction fades and becomes difficult to see.
Thus, I would say experiment with it. See if you can find a point where the distinctions peak, and if that's not dark enough, take it a little darker. You can always polish it out and start again if you go too far.