You will need a binder, here is a pretty good thread...
http://badgerandblade.com/vb/showthread.php/182002-Pasting-a-balsawood-strop-with-CrOx
CrOx on balsa works great. Cheapest paddle strop, and one of the best.
CrOx on balsa works great. Cheapest paddle strop, and one of the best.
You can simply rub a little powder onto your balsa. Oil, etc not needed. It doesn't sharpen. The CrOx does.
Using a binder seems to encourage the use of way too much CrOx, too. It gives you a slurry effect. This is great for "softening" a harsh edge, but if you want to use the balsa to maintain an edge by stropping post-shave, you want barely a stain of CrOx for best results. It should be embedded into the balsa, not forming a coating or layer on top. Same with diamond paste. You want it to embed into the balsa, not form a coating that you can feel. A heavy coat will do you some good, yeah, but the light application makes for a keener edge. My thinking is if you think you got enough, you probably got way too much. If you think you don't have half enough, you probably got it about right.
Don't forget to flatten your balsa. You may have to do it again periodically. Age and moisture can cause the wood to warp.
What I like to do is apply a very even coating, and probably a lot more than is needed, but neat and evenly distributed. Then I get paper towels and give the surface a good rub, changing the paper towel a few times. This takes off the excess CrOx and oil, and works what is left into the grain of the wood. That way you do not get the slurry dulling effect Slash mentions above, the surface looks nice, and does its job evenly over the whole blade.
Why are you afraid to get it online? Contact Larry at Whippeddog.com, I am pretty sure he sells small batches.
Something I just tried and it worked great. Used a new paint brush, dipped it in the dry powder and applied to the balsa. Very easy to get a nice even coat without adding too much. The nice thing is that you can use it right away.