I think there are steels better suited for impact resistance than 01, although edge geometry would be a major factor with any steel used. I have little to no experience with making cold chisels, so I may not be your best advisor. If I was going to use 01 for that purpose, I would try a temper of 500° after a good hardening process. D2 might serve you better, but you would really need a pro HT done using it. If you are referring to engraving chisels, the 01 may work with a simple heat treat, but it would be experimental. I have used file steel for that successfully with a simple red hot quench in water, polish and temper by color to a light bronze, but they were used with a very light hammer, or palm pushed. I much prefer the cobalt steels for gravers. They are tougher and chip less. 01 is at it's strongest and best abrasion resistance at around 60/61 Rc. You would have to experiment and see how it would work out for your needs.