I can not attest to damage from a belt sander. But I would for sure not go near it with a "grinder" If there is a possibility of damage due to the belt sander you are not keeping it cool enough. If this is a concern grab an assistant who can apply a steady spray of water while cleaning the pitted steel. Perhaps Don has a different up bringing than I, hence a different perspective, one worth consideration.

From post #28276
The first photo looks fine to me.

The second photo, the edge looks too straight for my preference.

The third photo is the extreme of the second, and not to my liking either.

I suspect Don's take on how this axe could have been used may be correct. Even so, I suspect the three faces of the cutting edge need not be perfectly straight and flat.

Back to the first photo.... The slight waning you see at the cutting edge is correct. Don't change that. It is the last inch of so I spoke of, this is needed to have the body of the axe clear the surface of the wood, other wise it will be difficult to get the cutting edge against the timber. Very similar to how a drill bit works, the leading edge needs to be able to contact the wood, you don't want the body getting in the way. Still keep in mind that the very edge does not want to be rounded over.