A single-bit 3-1/2 lb. Jersey axe with phantom bevels on a 32" handle
1. single bit--has a longer bit which can give better felling penetration, a thicker poll for better splitting, a longer bit which aids with the splitting with a twist, and a hammer poll which can be used for driving wood wedges or pegs
2. 3-1/2 lb. best all-round weight for doing all things and can be balanced on a handle that is shorter than 36". I would not want to use a 36" handle for limbing, hewing, or shaping.
3. Jersey-this design has ears for a better grip of the head to the handle, and handle protection for splitting, has a flatter blade for hewing
4. phantom bevels - less sticking in felling or splitting and offsets the tendency of a flat Jersey to stick
5. 32" handle - better length for all-round usage for shaping, limbing, felling, splitting (use a chopping block), and balances well with a 3-1/2 lb. head. You seldom see competitors using an axe that has a longer than 32" handle because the mechanical advantage is offset by less precision. In my mind the only reason for using a 36" handle is if you don't use a chopping block for splitting and if you are felling large diameter trees and need to save your knuckles (but those trees are for crosscut saws). 36" is fine for a maul where less precision is traded for brute impact--but not for an all-round axe.