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I'd probably take the S90V first.No question top 5 millie. It just keeps on performing.
BG42 is second. It's several steps above VG10, and 154cm performance wise IMO. It tends to get chippy at rc 63, or too low angles none of which really should bother the millie. It's one of the best all time Millies IMO. I'd say top 5. I place performance at rc 62 in the M390 level at rc 59 wear resistance wise. It is extremely clean like M390 and Elmax, so no advantage either one. Carbide size does have the advantage in the powder steel M390 but IMO you can't get the high rc's from M390 & Elmax. A powder steel BG42 ( CTS B75) at rc 62-63 should remedy the chippyness of ingot BG42 and unleash the performance potential from the composition and cleanliness and higher attainable hardness's. I like the edge it takes better than S90V, or M390. I have always thought that BG42 outperformed S30V in some respects. It gets surprisingly good wear at rc 60 to 62-63. Better than S30V at rc 59.
I could see a lot of reasons someone would choose M390 over BG42 but I'm not one.
BG42 was the only one of the Millies I bought two of so far. I'm going to try to get two mastiffwear millies if I have to starve myself all month. As long as I can get finn's stuff I'd go for it.
Oh yeah. I consider any of the 3 mentioned excellent and wouldn't hesitate to take any in a pinch to areas or jobs that require the best equipment available. So far the other Millies in that list are the CPM M4 ( top 5 easy), and the CPM D2, which I consider a sleeper.
Once again these are only my opinions, not some kind of consensus. Others should develop their own as I'm no expert.
Joe