D2 is a standard ingot steel. I do not know if it is purified by AOD (Argon Oxygen Decarburization), as is 154 CM, but it is certainly not purified by VIM-VAR (Vacuum Induction Melted - Vacuum Arc Remelted) as is BG-42.
This means that it is plain old steel. It is very similar from an elemental standpoint to ATS-55 (except it lacks Co and Cu), which you probably remember was an attempt to modify ATS-34 by reducing the Mo content, substituting Co and Cu. ATS-55 did not set the world on fire. In addition, Hitachi felt it necessary to add Co and Cu to ATS-55 to maintain the quality of the alloy, while D2 lacks these alloying elements.
To answer your original question, which alloy would be better in edge retention
without suffering significantly in toughness, hands down the Haynes alloys win.
You say you are going to use your knife to field dress game and for general camp chores. This seems to be a use much like a chef's knife. Here is what Nick Blinoff, who you recall, is a professional chef, has to say about his Talonite (r) chef's knife:
<font face="Verdana, Arial" size="2">In regards to the Talonite monster... It is still going strong! I still
am using it as my number one chopper everyday, and I am still an
enthusiastic Talonite supporter.... Boy does this stuff hold an edge or
what?
The only thing that is taking some getting used to is the technique of
sharpening the blade. I think I'm up to four times on the Edge pro ( not
bad for over a year! ).</font>
Thus, if you were to use your knife daily, as Nick does, you might have to sharpen it every few MONTHS!! If the toughness issue is not adequately addressed by these data, then consider the many Stellite U2 dive knives made by Kit Carson. These are used by marine salvage divers; Kit has never had a knife returned for blade failure.
In addition, a Haynes alloy has a cachet which D2 completely lacks. You will be able to hold your head high in any company when you are carrying a Stellite or Talonite knife!
Here is a pic of some Talonite knives:
<A HREF="http://albums.photopoint.com/j/View?u=306668&a=2279510&p=34156956&Sequence=0&res=high" TARGET=_blank>
</A>
From the top, a Kit Carson Large U2, a Tom Mayo drop point hunter, Kit's #18 folder with Ti scales, and a #16 slim folder with carbon fiber scales, a Darrel Ralph custom similar to an Apogee, and a Rob Simonich Cetan with Ti scales.
Hope this helps, Walt
[This message has been edited by Walt Welch (edited 12-11-2000).]