420HC is significantly inferior in regards to wear resistance to those steels and also has a lower maximum and usual ran hardness. However it is much tougher, more ductile, easier to grind, has greater edge stability, and more corrosion resistance that those steels. It is a superior steel for some knives and an inferior steel for others, as in general are most steels. 420HC for example is used by Phil Wilson for his custom kitchen cutlery. These really are not low end or inferior knives.
-Cliff
Everything said.
I have a fixed blade Buck/Strider 890SPX (STRIDER ML) in 420HC heat treated by P. Bos. I can imagine the same knife in S30V (for example, a Strider custom). I would always choose a 420HC version if I really needed a combat/SD/field/survival knife.
Because "it is much tougher, more ductile, easier to grind, has greater edge stability, and more corrosion resistance that those steels", as Cliff said.
I would like Cliff made the same (mal)treatment with STRIDER ML and any similar S30V Strider custom, as he did with SOG's BG-42 Rotondo.
Cliff?
Saying that, I own a number of smaller knives - mostly folders - in exotic/premium steels, such as SGPS, ZDP-189, BG-42, S30V, S60V, VG-10, M2, ATS-34, etc.
It makes a lot of sense to use premium steels in smaller knives. Therefore, I would like to have a Buck's 110 in BG-42. Unfortunately, I have no idea how to get her in Europe.
Franco