I was speaking to Kevin Cashen about O-1 and 52100 a few months ago.
...I'm sure that if we were to start messing around with it the way some of us have with 52100 we would get some pretty amazing results...
Your brave Aldo, as time goes by fewer and fewer people are willing to admit they speak to me at all


.
However, God help us if we ever start messing around with O-1, or any other steel for that matter, the way too many have with 52100. O-1 is a great steel because you don't have to dance a witchdoctor two step to make a knife from it, all you have to do is exactly what the people who made it recommend. I still think there is some element in 52100 that burns out in forging and gets into smiths brains, as every time I have "one of those" (play the theme from "The Twilight Zone" here) type of conversations, 52100 will be involved at one point or another
O-1 forges very well, I have been doing it for very many years now, but it moves a little slower under the hammer than 1084 or 5160, I recommend keeping it hot for the ease of shaping but the real danger is from getting it too hot as some flavors of the steel can be red short and a little touchy at the high end. Cycling down from high heat and proper normalizing is a must for O-1. If you are used to just shutting down the forge and walking away after your last forging heat (something that you can get away with without disaster with 1084, 5160 or even 52100), you will not like O-1 until you learn how to normalize.
In heat treating O-1 will get hard from quenching in just about anything from AAA to mud mixed with snot, but appearing to get hard is not everything in proper heat treating. I would be willing to say that a blade made from 1084 heated to nonmagnetic and immediately plunked into some oil would perform as well if not better than a blade done the same way out of O-1. However if one were able to accurately soak the steel in order to bring the carbides into play it should have no problem blowing 1084 out of the water.
We desperately want an easy solution from that one steel that will automatically make a great knife, but the steel doesn't make the knife the knifemaker does, and one can make a lousy knife from the best of steels, or a pretty good one out of a nasty metal all depending on how we work and treat it.