it is certainly possible. If you do or think about doing much welding, do consider
most excellent $500 TIG welder from Grizzly:
http://www.grizzly.com/products/h8153
It gets 5 stars from me.
High-carbon steels, including "plain" carbon variety of 1075+, W1, W2, O1, will harden
when welded and you will need to anneal or normalize it after such welding, before
HT. You'd need to be fairly delicate when welding smaller items, so that resulting heat
doesn't lead to warping or cracking .
Another thing that doesn't get nearly the attn it deserves, is spot welding:
http://www.harborfreight.com/cpi/ctaf/displayitem.taf?Itemnumber=45690
With this method, you should be able to spot weld finger guards, bolsters, butts
etc . Wonder if anyone has used this method in KM ?