I have several objects, including knives, made from 154cm. Two seem like a different type of steel, there is a grain pattern that looks like mulitdirectional short hairs. They also have a bit of "glitter" mixed in the steel. One is a TOPS SSS and the other is a small pocket tool/bottle opener. These two developed rust spots after a very sweaty day of work. One in my pocket, the other as a neck knife. They both cleaned up very well, no patina or other traces of the rust.
I've owned other knives in the 154cm, from Bark River, and they were polished like any other quality knife. They never showed a spec of rust. The little PSK gets used on food, wood, whatever, and is just fine. Food does want to stick to it, more so than other SS kitchen knives that I own.
If you have a choice, upgrade to CPM154, I keep hearing great things about it, tougher and better edge retention.