I was thinking about the rule of thumb – 3 teeth is presumably to limit the depth of cut – so you don't end up trying to take a full tooth gullet depth cut in a thin material – thus bending the fragile edge rather than cutting it, or creating a load on the saw that is too high to push through the material.
I think this certainly applies for human powered saws – no doubt many of us have at some point tried to use a too course blade in a hacksaw (or in my case more often a jewellers saw).
My power hacksaw however has a defined depth of cut setting – the blade is fed down by a certain amount on each stroke. I rarely alter the feed setting – but then Im usually cutting the same sort or big chunks of stock.
Point is that if the hacksaw has a feed setting ( and not just a gravity weight) you can probably successfully use a courser blade than might be suggested otherwise.
Thoughts?
Dave