Joe,
Based upon just what you told me, I really doubt that you have any detrimental intermetallic phases, sensitization or sigma. But, without doing more sophisticated testing I'm not sure that you aren't seeing some precipitation, which can definitely occur. I just don't think it is sensitization. I also believe that the ferrite in the BM HAZ can definitely look somewhat different than that of the weld metal. The ferrite% should be less in the HAZ than in the weld metal. In the HAZ you will lose a small amount of Cr (Cr is a ferrite former)during the weld process, but the weld metal will incorporate ferrite from the filler metal. Lastly, sensitization is very hard to detect, so maybe the optical microscope will be unable to detect the Cr/C carbides, espepcially on the grain boundaries of the atoms.
Joe,
Very respectfully speaking, if you are using the base and filler metals you said, and are sure you were not in the sensitization range for any longer than 4 minutes, I can almost guarantee you that you do not have any Cr/C carbides that diffused to the grain boundaries. And, as has been said by more than just me, I would be very hesitant to base any judgement calls, especially to sensitization, on using an optical microscope. Knowing that the kenitics of sensitization are time, temperature, and carbon content virtually eliminates that possibility. Doing some expensive destructive laboratory tests will, I think, prove that.