Russ 1911,
The load on the shaft would be based on the inertia (Iw^^2) of the driving system and the time that it takes to stop rotation. If the time is very, very short, the forces on the shaft (and the entire driven system) would be very high. This is why these types of systems are usually protected by a clutch or sheer pin, basically a mechanical "fuse". The motor torque capabilities would have very little to do with the shaft loading if the cutter is truly stopped. However, if you analyze all of the drive components, most of the system inertia would be found in the rotor of the motor, as it spins very fast. The mechanical fuse would have to be large enough to handle the peak torque of the motor.
Dave