Yes. And without Vanadium carbides, 420HC can be sharpened without diamonds. Not so for S30V, S35VN, MagnaCut, etc. People who sharpen those steels without diamonds are really just dislodging the carbides and leaving a moon crater surface of matrix metal. They are not realizing the full potential of those steels.
Seriously? None of you can afford the ~$25 for a Fallkniven DC4 diamond stone to toss in the pack or fanny pack for the field in the event you need to sharpen a knife?
My EDC is a Hogue Deka in Magnacut that I abuse every week at work opening and cutting down boxes and packing straps. Every Friday I just take it to a leather strop to get it back to razor sharp.
If it's been an especially nasty week, a minute or two on the DC4 and then the strop gets the edge back in shape.
I like it because it's cheap for a Magnacut blade, thin so it slices well, not coated in anything that induces drag, and is a hell of a lot cheaper than the comparable Benchmade Bugout in S30V.
The only gripe about it I had were the sharp edges on the scales but after taking it apart and smoothing those down, it's no longer an issue. Took all of 15 minutes.
In the field I take a 112 in its pouch & a 119 on a dangler on the belt - both in Magnacut. Both work well and are fairly easy to keep sharp with a DC4 and field strop. I don't do silly YouTube click-bait "review" stunts with either.
If I need to split wood for a fire or building something, well that's what the Council Tools Wood-Craft Camp Carver 16" axe is for. With just that axe and a ferro rod I can easily build a fire and save the blades on the knives for what they were intended for.
(Council Tools is located about an hour from where I grew up and the family has always used their axes at the farm so I went with what I know. It's perfect for what I need. Buy once, cry once.)
I do try to not abuse my knives but I also don't want to worry too much about rust outside of the axe and Magnacut is perfect for that. Wipe 'em clean, put 'em away. Done.
Probably going to pick up one of the new Alphas in Magnacut next paycheck just to have another full-tang Magnacut blade besides my Demko Freereign and can just keep in the truck as a backup and not have to worry about it rusting away.