The BladeForums.com 2024 Traditional Knife is available! Price is $250 ea (shipped within CONUS).
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yes it will.
Usually ,in a hybrid polish, some type of acid is used to bring out the hamon.
In a traditional polish stones are used.
repeated use of flitz will polish the entire blade the same, washing out the hamon.
It will always have a hamon - if after using, scratching and dulling, you want to make the hamon look more pronounced again, refinish, etch, and polish. Look here for some good info from a master:
http://www.dfoggknives.com/techniques.htm