OK, how's this as a quick sketch:
You can see the top edge is in line with the bottom due to the angle of the cut.
If the thickness of the die metal is y, and the kerf width is x then the angle you need to use to get them to line up is atan(x/y) from vertical. A bit knackered right now, so a better diagram will have to wait! Also note that there is no tolerance in that calculation - your blade will wear & cut a progressively narrower kerf, there will be some variation in the angle you cut at... I'd probably knock off a few degrees and try. Or pay for the paper from the Goldsmiths' Hall
As for the knife - 440C is a good steel to use, but can be a bit fussy about HT. 25 years ago about the only stuff around was Loveless & Barney (can't remember when Jim Hrisoulas first went to print)... Might be worth getting some cheaper O1 to start with if you've got a new belt grinder to practice with?
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