Go for it! The first knives I made were out of 1095 and 01. That was the time before I became "educumated" about the "proper" steel to start with. I made about a dozen knives and all turned out great. All went into the hands of hunters and/or outdoorsmen and as far as I know, all are doing a bang up job. One 4" 01 Hunter I made went to our friends brother and he told me once that was "the best damn knife I ever owned". He'd field dressed and skinned 3 hogs with it before needing to touch it up. This was the "back in the days" of my little one gallon paint can forge.
My recipe back then was a lot like Onies above. To normalize, I heated it up to non-magnetic then went one color change above and then let it air cool to black. The second time in I heated it up to just past non-magnetic then let it air cool to black.
For hardening I took it to one shade above non-magnetic and maintained that color in the forge for a few minutes, generally around 5 minutes. I then quenched the blades in 130-140 degree ATF. I cleaned up the decarb and tempered them at 2 - 2 hour cycles at 400.
By the way, I did all my heat treating after dark so I could see even the slightest color change.
Did I get the most from 1095 and 01, probably not. Did they make good knives, obviously so according to those who own them now. And you know what else? I had a blast making those knives and getting the feed back from the field!