Tom-
I'll hazard a reply since you haven't got any. I'm not quite familiar with the specific ax you mentioned. Is this a modern shingling ax with a hammer on one side, and a thin, narrow blade with a nail notch on the other? Or were you talking about an antique shingle splitting axe with a very wide chisel ground blade?
At any rate, just because you can't easily sharpen it with a file doesn't necessarily mean it's too hard. (it could be, though) Assuming it's a quality piece, then the manufacturer built it to take hard use most working tools see. Some people tend to think chopping tools should be soft.

Each steel has a specific hardness where its impact toughness is greatest, and it is often much higher than people must think. For most steels, they are actually *weaker* in the low 50s Rc. I'd personally prefer most carbon steels in the 56-58 Rc range for this application. The axe should have all the strength it needs from its much thicker edge. The harder edge will also resist damage better if you hit a rock or nail, for example.
In the end, I think the best thing to do, would be to test it out before you get into a situation where you really need it! If you can't break it, great. And you will probably end up pleasantly surprised with its superious toughness and edge holding.