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				Verhoeven makes it clear that Fe3C (cementite) is crucial to forming the watering pattern. He also makes it clear that they can only form in the hypereutectoid state.
			
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 While it is true that excess cementite only shows up in hypereutectoid steels, I think Verhoeven might be mistaken in saying the cementite is crucial to the pattern.
This blade is 0.79%, measured at a lab - 
This blade is somewhat less in carbon, but has not been lab analysed -
The patterns are not due to extra cementite; since they are below the eutectoid point the carbon is all wrapped up in pearlite. 
Do the patterns look like sham wootz, or regular, or somewhere in between?
I think the ultimate answer is to get more blades checked at the lab, but we may find the old pattern-based distinctions are as much related to working methods as alloy.