I use W1 and 1084 mostly, some O1. I grind the edges of my straight razors to .020" or less and have never had a blade crack. If I get the hollow grind a little uneven, sometimes there will be some minor wrinkling at the edge. I see this as a problem with the grind, though, not the overall thickness. I think I've even gone down to .010" once or twice without a problem.
Cracks and warps can be minimized by careful grinding, doing the normalizing cycles prior to hardening, heating the steel evenly, and avoiding overheating.
Josh