The two alloys you mention are quite similar. 1095 has the following alloying elements: C 0.95%, Mn 0.4%.
5160 has about 2/3 the C at 0.6%, twice the Mn at 0.8%, and has Cr 0.8%.
These are low alloy steels. While the increased C of the 1095 will help hardness and edge holding, the addition of the Cr to the 5160 will help both as well, as Cr carbides are Rc 65-70. Cr will also help toughness slightly (5160 is commonly used for vehicle leaf springs). Mn will aid hardenability.
These differences, however, are likely to be minor. The real difference between two knives made of these different alloys is much more dependent on blade geometry and heat treatment.
For the Wayne Goddard edge holding tests, go
HERE
For information on carbon and tool steels, and the selection of tool steels and their heat treatment, go to the CPM site
HERE
For application, elemental composition, and heat treatment data for a number of steels, including the two you inquired about, go
HERE
Hope this helps.
Walt
[This message has been edited by Walt Welch (edited 03-12-2001).]