My 3.5 is in 3v, but only because it's a 2nd and that was the only option when I ordered it. My vote for that size of knife will always be the CPM-20cv. My reasoning is thus; with the 20cv you know that you'll never have to worry about any corrosion spots, both steels are really relatively easy to keep sharp with stropping only, and the toughness advantage gained with 3v is negated by the 3.5's size....it's really difficult to even produce the forces on a shorter blade at which the 3v would come in handy, not to mention that you likely wont be attempting many hard use tasks with a knife of that size anyhow. But really, esp. with the newer heat treat improving all of the properties of both steels, including the moisture resistance of 3v, maybe it comes down to which steel label will look cooler to you on your knife's blade...see, I talked myself out of my own choice because it really and truly does not matter, both of these steels will give you exactly what you want....so which looks cooler to you on your blade "CPM-20CV" or "CPM-3V"??