I may be wrong but here are my thoughts...
The teeth area may be harder due to welding (essentially heat treating it), or just working it by cutting the teeth and bending them to the side.
But if the blade is to be used as a knife, I think it would not matter one bit if you are going to heat treat it anyway.
If you don't plan to heat treat it, then you'll have to use what temper the blade already has and keep it cool while working with it (if you can hold it in your hand it won't ever get too hot).
Dan