I posed this question about 12 months ago, after I acquired a splitter that had no name but looks similar to the American machines.
The blade was beveled on both sides, which as you rightly point out against the norm even for a saddler's bench splitter. DW

However, It occured to me later that in order to restore the 'correct' bevel, I was going to loose a good 5/8" of prime blade. Also, the height of the cutting edge of the blade in relation to the cusp or apex of the feed roller was going to be compromised. So I decided to sharpen the knife (I took it to the local saw doctors) as it was, with the bevel on both sides. If it worked, I hadn't lost blade to any great extent and the cost was minimal. If it didn't work then I was going to have to suck the Kumara and loose some blade

The splitter is working very well and I use it on a variety of leather not just sole bends.
If your splitter is a Landis then I'd definitely heed DW's advice, but in my instance other factors came into play, i.e. loosing a lot of blade to restore the single bevel and the height of the roller /blade relationship.
Bruce thanks for the info on the thread burners.
More power to y'awl
T.