My feeling is that it will fracture in the heat affected zone. Maybe these guys can help. 1018 steel should weld better.
http://www.alcobrametals.com/display.php?id=3090
I need to make a stub shaft for an idler pulley with 17mm ball bearings. I’d like to use O1 steel because I can get 17mm diameter drill rod from Mcmaster. Can I weld it with MIG or AC stick? I won’t be a highly stressed weld.