Hey Boissu,
It's late here in New Jersey and I can't find the specs on 420HC without waking the wife and kids. (if you really need them ,respond and I'll get them for you in the morning)
420HC is a strange steel. I also think the heat treat might play a big part in tis steel.
If you look at the specs of 420HC it SHOULD really suck. The carbon content is very low.
A lot of people think that the HC means high carbon. Actually the HC stands for high chromium.
I use a Buck 110 at work. I work in a chemical plant. My knives are subjected to the worst working conditions you could imagine. Extreme heat, extreme cold,caustics,acids,salts,dust, and unbelievably high humidity.
None of these conditions effect 420HC AT ALL. My standard 110 has not one speck of stain, rust, or corosion.
420HC is quite simple to sharpen, especially since EDGE 2K starts you out with a very good primary edge angle. I get mine more than shaving sharp using only bench stones.
The only downside to this steel is its edge holding ability. It does hold an edge longer than you would think it would(after viewing the specs), but it really doesn't compare to the higher end steels.
Don't let anybody sway your steel choice by saying the higher end steels are hard to sharpen. I use a fine DMT stone and a hard Arkansas. I've used this combo on ATS-34, BG-42, and s30V. They are NOT hard to sharpen.
Also, keep in mind when buying a Buck knife, the great warrantee and customer service. And, if you are into the 110's, don't overlook Pete's custom shop where you can get 110's in 420Hc, ATS-34 ,or BG-42.
Later,
Alex