Almost, except the part about not as "good" as S35VN. The performance varies depending on the steels used and the heat treat regime. One reason for using steels of similar characteristics and HT regimes is so you get a damascus having, for example, 60 hrc in the bright steels and the dark steels. If (in your opinion) RWL34 is as good as or better than S35VN, then there is no reason why Damasteel (mix of RWL34 and PMC27) would not also be as good as (or better than) S35VN.
The comparison of one steel against another is a "value judgement" if you decide one is better than another. Other people might look at the same comparison of characteristics and decide the other way. Your priority might be corrosion resistance at 60hrc, someone else's might be ease of sharpening, or price.
I'd rather have a well HT'd Damasteel blade than a poorly HT'd S35VN. Ultimately the biggest variable isn't what the blade is made of, but rather the quality of the HT.
Many may look down their noses at 440C, but with a good HT, it's actually pretty hard to beat even compared to many "super steels". Everything is a compromise, hardness vs toughness, edge holding vs ease of sharpening etc. It's how these compromises balance out for the tasks the knife will be asked to perform which will determine how happy you are with your choice.