Ed Fowler has been working on getting 52100 down pat for many years. While he is considered the Guru of 52100, he still hasn't totally mastered it (I think Ed will agree with this statement). The forging of 52100 requires staying within a fairly exact temperature range. Below 2100F and above 1700F. It needs to be properly annealed, normalized, spheroidized, all at the right points in the birth of the blade. Austenitization temp should be exact ,1555F, and the atmosphere should be controlled. A well regulated HT oven or a salt pot is required. Cryo immediately after a snap temper at 200F or do a regular temper at 345-450F. Retemper after cryo.
Specs are:
Forge 1700-2100F
Normalize 1625-1650F
Anneal is a bit complicated, but start with 1450F
Austenitize at 1555F
Temper 2-3 tempers at 340-450; or snap temper at 200F and cyro at-105F and two tempers at 340-450F
As quenched hardness HRC 62-66 (as you can see, it varies depending on the parameters)
You can read Ed's comments in Blade magazine, his great books, and on this forum. Ed was commenting today about 52100 and cryo on the cryo thread.
http://www.bladeforums.com/forums/showthread.php?t=488230
Stacy