mike,
if you feel heat quench the blade into cold water and hold it.. till your sure its cold.
maybe rick ferry will jump in here and correct me where i fail, i dont want to pass on bogus info.
it would be the very best if you could cold grind it but thats far from reality,, friction causes heat,
A Little metal heat Properetys here for ya:
known to knife makers, metalurgest and blacksmiths is a heat color rainbow,
if you place a chrome or highly polished surface into a tempering oven and it is slowly heated you could observe the first sign of heat effects in a yellow color like a yellow highlight marker drawn on the surface, then proceeding to heat it will progress to straw on to gold brown,grey, dull blue, steel blue like on a gun then, peacock blue and on into black,
after this point the color will be iridescent and emanate from within the blade/metal as it gets hotter with a maroon, burgundy, red, orange, yellow, and then white just before it starts to sparkle and then melt and evaporate...
(Lot of explanation for your question but i took my meds and am chatty)
when metal removal method of dry grinding is used to make a knife, its best at the first sign of heat to quench the steel And hold it in the water sturring to keep bubbles from sheilding the heat transfer to the water...
if you see color on the blade your damaging it.
and that can happen in the blink of an eye,
i have scorched places on a knife blade before and have quenched the blade and then slowly removed the effected area and think i didn't wreck the blade, but you always wonder what if i didnt scorch that place? would it have been better?
keeping the proper temper, means its rougher to shape the knife its harder to get one sharp, with whet stones, becuse of the toughness of the steel, but once sharp and honed it means lot less maintence keeping it sharp or less stropping and more time spent carving.
removing the scorched places might not effect the blade,
but simply polishing off the color dont fix the steel...
we dont always think of the work it took to make the thing before we are modifying it.
But when a blade is tempered, lots of preparation was taken in selecting the steel shaping and heat tempering the steel. they didn't just go out to the blade tree and pluck one off.
burning the steel will remove the stress that was applied during the tempering process or it can set up a stress in the blade that will make it brittle to the point of chipping while doing regular carving.
keep it cool, one half pass and then cool or a light pass and cool... but light handedness will be rewarded..
anybody can make a 50/50 knife
carve 50% sharpen & hone 50% of your carving time and effort