Nice job.
I have made quite a few of these Bogota style picks and one thing I've found is that if the metal is too thin between the peaks, they will break off in the lock. Mostly they just fall out but I had one recently that got stuck in the lock and I had to drill out the core. I thought that it was pretty strong but metal fatigue must have got it.
I would not use this one on a lock in use - but you know THAT one.
They can't take too much leverage.
There is a knack to using them. Not too much levering, more "scrubbing and jiggling " with light tension. I think Ri describes it as "Coffee shakes".
I have not made one out of a hack saw blade so don't know how it will hold up. I'll be interested to see how you go.
Looking at the pic. I would predict that you will end up with a two peak pick. Don't throw it out, they also work on some locks. Another tool in your arsenal.
They are amazing picks and this won't be the first one that you make - each one getting better.
That said. GOOD job.
Keep us informed how it goes.
Oh, one other thing. Polish them very well, particularly the peaks. Run your finger over them to check. They should be quite smooth otherwise they are hell on pins.