I'm referring to the model in CPM D-2, not the model in Elmax. If you believe D-2 to also be superior to CPM D-2 then that's fine.
So which framelock is the Lexus and which one is the Acura? The Microtech has a steel insert and is replaceable. It's also got no cutout, which many consider a weak point of a framelock. If the Medford is in fact a more refined framelock or improvement of the framelock in some way, then I could see it being advantageous. If it is, please tell me as I haven't heard many comments on how Medford's framelocks compare to others.
I'm not saying that more expensive folders are necessarily better than the Praetorian, nor am I saying price should be the end-all, be-all when it comes to choosing a knife.
But when you have a knife as heavy and as expensive as the Praetorian that doesn't owe its cost to its materials, the cachet of being handmade or exclusive, or other attributes that give it advantages in carry and use, you sometimes wonder what the consumer gets in return for those limiting factors of weight and price.
You are digging really deep into this!
And that's great.
The problem is we are two different people, with very different priorities when it comes to what we want in a knife.
Weight is a non issue to me.
The Praetorian is built better and I like it much better then my El Patron, then my Andy Fitz, then my F3, then my etc.
The only knives I like as much are Striders. (Similar feel)
Why? (My Opinion)
It feels better in my hand.
It chops better. (I do a lot of this and yes, I expect a folder to do it, because I don't want to decide what knife to wear today)
It cuts cardboard just as well.
It Pry's very well (yes I do this a when I need to) no room for a pry bar in my pocket.
I can try to throw it into a tree and make my kids laugh, and it just keeps working. (I don't own or carry throwing knives)
It slices paper and food when I need to.
The point is. If I am going to carry one thing in my pocket to do all the tasks and stupid things I like to use a knife for, it needs to be as diverse as possible, while still inspiring confidence that it can handle all of that.
It also needs to have the right feel (ergo's) for my hands and the way I cut/chop/slice.
The price is a non issue. It's underpriced.
It does what I need and want it to do, and that's where I get the value from.
I have spent more and less on knives that couldn't.
I can't make this any simpler then to say, I have used a lot of knives.
I know the feel that makes me happy.
I can't put a price on that feel and comfort with a tool as a comparison point for materials/price/etc.
Maybe the only other way to explain it is to say that all of my tools I use at work are Klein.
There are much cheaper and much more expensive tools that do the same thing.
I can't use them. They feel wrong to me. The grip, the handle width, my trust in beating the hell out of them and they don't fail.
It's about as close of an example as I can give.
I apologize if it doesn't answer your question.