If it's just a minor warp, 1/8" like you said in a meadum to long blade I'd try to straighten. I don't have nearly as much trouble with blade warpage now as I used to, but I still have three large wood rods that I use to straighten blades. Since it's aready heat treated do it straight out of the temper, put the midle rod on the outside of the warp, the two other rods on the oposite side of the blade a little ways away and crank the vise down. The round rods will keep any sharp corners from the blade and make the bend a little more gentile. If you break it at least you'll know what your blades can take. I personaly have never had much luck with O-1 trying to straighten it, it just didn't want to bend for me.