It completely depends on the steel type. Carbon steels, 1084, O-1, 5160,1095....will have decarb and should be taken to a 220 grit finish. All grinding defects and deep scratches should be gone, and the surface should be smooth. I usually go to 400 to make sure all the scratches are gone. Leave the edge about .020 to .030 thick.
For stainless steels, take them to almost done, a good 400 grit or even an 800 is needed, and the edge should be ,010" to .015". They should be almost ready to sharpen before HT.
On any super hard steel, Elmax, S90V, Cowry X, etc. take it to as close to done ( except the edge) as you want it to be....because you aren't going to take much metal off post HT.
After HT, go back one grit step to start the final finish -
If you stopped at 220 for carbon steel, go back to 120.
If you stopped at 400 for stainless, go back to 220.