I had a customer about five years ago ask me to make him a knife not using any modern equipment whatsoever and that he also wanted me to make every part from scratch. I quoted him 100K and told him it would take at least 80 years. (I honestly didn't know how long it would take to grow my own Walnut tree, but I figured 80 was pretty close.) I explained that to learn to make my own steel from iron sand, get a charcoal forge set up, make my own hammers and files and drill bits, would take quite a while. I would also have to build a workshop/shed from trees I grew myself too with an axe I'd have to make myself too. Probably also needed to shear wool from my own sheep to make my own clothes. So, yes, I was being ridiculous. And later I made him a regular knife in the way that I normally do. And he was happy - I think.
The ABS has rules about the things that have to go into a knife that has a "J.S." or "M.S." stamp on it and if you were to waterjet-cut a blank instead of forging it, that would be a huge problem. It's nice that we aren't required to smelt our own steel and that I can buy a neat little bar of 1084 and forge a knife out of it, grind a little bit on it, heat treat-it myself and put my stamp on it. I don't have to grow my own wood either. I can buy a nice little block that someone else stabilized. They are pretty reasonable about it in my opinion. And, the customers that are buying a custom J.S. or M.S. knife know what they are getting.
However, for a customer buying a stock-removal knife having a problem with the maker sending it out for water/laser/EDM cutting instead of having him bandsaw it personally, that seems pretty unreasonable.
(edit) ...unless the customer is wanting a one-of-a-kind knife. Generally, knives that are water-cut are exactly the same and you are cutting multiple blanks out of a sheet. I guess it goes back to letting the customer know and decide what they are wanting.