Basically I meant the blade breaking by fracture under a stress that you don't want it to, judgement obviously comes into play here as you can break anything if you hit it hard enough or bend it far enough. It comes down to what you want the steel to be able to do, where you think the performance is sensible and what tradeoffs you think are functional.
Some of the really tough steels won't fracture at all, and even if you really beat on them or bend them, they just deform, and the most you can do it make them rip by bending them too much. O1 is generally regarded as a tough steel, and its basically on the border where when you go above it to the really tough steels, you are getting into materials optomized specifically for toughness to the serious lack of other abilities. Most of the complaints about durability with O1 come from blades at 62-63RC and you are going to be getting into problems with ductility there.
There are tradeoffs of course for every advantage, while 1050 should be really tough and ductile, I would not expect any great performance from its wear resistance as it has no alloy carbides at all and it will patina very rapidly. I am pretty sure Cold Steel uses 1050 in some of there larger blades. But then again at a decent hardness, the edge retention on most materials will be high enough, especially for a hard use chopping class blade. As well of course, the sharpenability will be very high for 1050, moreso than O1, however not that I would call the latter difficult.
Sure I would be interested in looking at something if you wanted some feedback, just let me know along what general guidelines you have for blade usage, so I can make sure to cover those bases.
-Cliff