My 2 cents: Properly drawn waved knife will not have any malfunctions. To properly draw waved knife, I found out trough out the years, you need a fob or something hanging out at the end, as on the Spydie carambit above my post.
It helps for faster drawing the knife and not pinching over the clips, which will drag on the pocket and slow the draw process. It also helps to draw the blade arround the corner of your pocket and helps to apply good grip immediately after you get the feedback for locked blade.
If you wave a AO blade, in most cases it will open and lock with the same speed the blade will open and lock after you relese the blade without the wave method, depending on the way the AO is - thumbstud, hole and so on.
I don't really know what your goal is but if you are looking for qucker time for deploing the blade to condition to be used, you should look at the process as two parts - time that takes from contacting the knife, till you actually cleare it from the pocket and start opening the blade, second part when we are talking about AO blade will happen without your participation - blade will go over the tipping point of the spring and will lock itself.
This will not happen with wave only blade, basically you have contact between the blade and the corner of your pocket almost the entire time the blade rotates around the wave and lock itself, meaning you are controling the blade all the time.
AO have it's adwantages when the knife is cleared from obstacles (pocket, clothes ) but you don't have control over the blade during the opening.
There are differnt principles, depending what your goal is.
IMO, wave will give you control over the blade till the feedback that it's locked, it is the same principle as riding the thumbstud and not flipping the blade, you are elliminating as much as you can the factors that possibly will prevent the blade lockup during rotating.
You don't have this with AO, but AO is generally faster and usually the lockup is more reliable because the spring hit's it harder.
Try it of course, but you need to compare the two times, with wave only and when you're using AO waved blade. I can only see advantage if the waved AO blade is ready faster and more reliable than waved only blade, which is not possible but worth the try I guess...
I'd say, from start to finish, a person with some experience with wave openers, will have negligible slower time, with more reliable opening, but of course I could be wrong...
