One thing to consider about Fallkniven's use of VG-10 is that they laminate it for use in some knives like the F1 and S1. For those applications the VG-10 core is surrounded on both sides by a steel of great toughness like 420 HC or something similar. This gives the good edge retention of an exotic steel but with the increased ability to take a pounding that lamination coupled with high toughness steels provides.
I have no experience with their use of it in a pure VG-10 blade, but I give high marks to the laminated blades.
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