Sean,
How I was told about sand blasting or any type of media blasting for that matter:
The more media it takes to achieve the desired result of metal stripped clean, the more of a likelyhood that warping can occur. A faster stripping speed based on the type of media at a lower PSI is what's desired without pocking occuring. This may vary of course by the type of media, and the PSI it is being delivered at.
The reason for sheet panel warpage is to put in perspective is that it's like thousands of tiny hammers hitting the steel. I don't beleive the metal actually warms up or gets hot as I have heard some claim.
Alot of the instances of sheetmetal panel warping is because the user is not at the proper amount of distance, correct 45 degree attack angle, and slight overlap in a row by row fashion. Not jumping around eliminates over blasting one area too long. 90 degree at high PSI, close up is asking for trouble.