...and plasma cutters aren't 'the best' choice when cutting out knife blanks. they heat the steel unbelievably hot in the area proximal to the cut. high heat = grain growth = weakness in the steel. so unless you're cutting way "outside the lines" so to speak, then grinding to get close...I'd use the abrasive wheels.
I used to use the dremel, then upgraded to a cheap angle grinder with a 4" abrasive cutoff wheel. then you can swap out to a griding wheel and freehand some of the profile grinding with the one tool.
however, nearly all my knives are forged to shape so I most often hotcut. heat the steel to red, hammer a chisel though it (cuts like a warm knife thru buttah)