Looks good. My only concern would be the heat treat if it was done in the forge. CPM 154 is so difficult to properly HT into a usable blade in a forge, that it is widely just considered impossible. The temperature accuracy needed isnt really possible, and given the soak time required at the very high temperatures, the forge will essentially destroy the unprotected steel. This is why the stainless steels are done in a kiln and protected by a stainless foil pouch to keep oxygen out.
look up the steel type on this site and check out the technical data, this gives good heat treating information regardless of the purpose. A little late but in a forge it is a good idea to place the blade in a steel container to act as a heat manifold and protect blade from localized over heating. http://www.hudsontoolsteel.com/technical-data
I was worried about the same aspect when HTing 154CM. Hopefully it works OK. It's the thought that counts and your buddy will appreciate it.
