It seems to me that the knife might "stress" the pleco a little, but shouldn't really be able to damage it. Plecos are armor-plated and usually quite tough. If they're both eating and otherwise healthy, it should be OK. Also, if either/both of the fish are new in the tank, it's normal to see a little aggression in the first week or so.
The only thing I've had that was able to kill a pleco is my fahaka puffer, and that was only because it's a fish with a beak designed to crack clam shells.