So, a little while ago I was in a local flee market and they had a old razor, a Gentleman's Favorite (though I've never heard of the brand or model, or read anything about it) with a bit of a nick in the blade. The knick is about the width of the tip of my thumbnail and somewhere between a 16th and a 32nd of an inch in depth. I was thinking about picking it up to test my honing and stropping techniques on, as I'm going to have to develop honing techniques sometime. I'm kind of hoping that eventually the nick will come out, though if it doesn't, I'm planning on using the razor as a non-disposable exacto knife, as I work construction and have a terrible time losing all my exacto blades long before I use them. :P

So, my question is twofold. Do you think the nick will ever come out, and if not, how good an exacto knife do you think a straight razor would make?