...there is always the example of the cheaper whatever it is that is just as good if not better then the more expensive you name it item, knives, guns, cars, trucks, boats, fishing reels and rods, stoves, pots, sunglasses, one could on and on. The bottom line for me is that if you can appreciate the difference and can afford it is worth it to you if you can not, it isn't.
Well said, "worth" in general is subjective to the consumer. To some it is simply not "worth" spending loads of money on a knife just to take it outdoors to beat on it and use the bejeesus out of it, so they'll opt for cheaper but adequate alternatives. For others it is "worth" the money to have higher quality materials and steel, higher quality fit and finish, the made in u.s.a. tag, something truly hand forged by a known and respected maker, etc. And so they opt to spend tha (THEIR) money.
Neither is particularly right or wrong...
Same with wines, some like those earthy tones.. Some like particularly fruity tones. Some people would rather have a beer! Some don't like onions, some people don't like mayonnaise, some people don't like chocolate.
Regarding Knives, I have the 1095 Schrade extreme survival knife too, its been relegated to the bottom of my grab and go bug out bag, but my truth about it is as such; it was very generic; grind lines, fitand finish weren't impressive, handle ergonomics were OK, sheath isn't impressive, nothing about this knife was going to "wow" anybody with an appreciation for detail. But it does exactly what it was intended to do, it cuts, it chops, it takes a beating. AND LIKE CHAMP! I'd say AS good as any other 1095 steel knife I've had the pleasure of using, not particularly better, nor worse, but as good considering geometry... (though cro-van definitely holds an edge better). It's a no frills factory produced knife, perfect for outdoor work...
That's not to say a handmade custom with well laid out grind lines, better/more exotic/nicer looking handle materials with better ergonomics, a better final finish, (smoother jimping and such, maybe brass pins, a nice bolster, even down to maybe a stronger epoxy, etc), hand forged in 1095 or whatever, or stock carved from something stainless and tough, with a really nice detail oriented sheath is not "worth" a much higher price tag, to hang on a wall or to use, even
"IF" it only cuts "just as good" as that $30-50 (shipped) schrade does. Especially to someone who can appreciate those finer detals...
A basic model truck like mine can do the job just fine.
An upgraded package is definitely nicer, better even, in most ways: leather seats, wood trim, power everything, maybe heated seats, better stereo, nicer rims, the list of options is extensive, but engine to engine, suspension to suspension, tow package to tow package, mine will still hold up just as well in use as any nicer version with comparable "guts"... That is like your steel...
Others however have "better" beefier versions there as well, bigger or more efficient engines, heavier springs and tow packages, and they will be able to outperform my truck, be it towing, carrying loads, or highway milage, (these are your "better" steels), but that doesn't relegated my truck instantly to "junk", it is exactly what it is, a a base model dodge ram 1500, and it performs exactly as it should. No frills. And just like a heat treatment, head to head, a much nicer model, a beefier model, any other model could break down before mine no matter how much it cost, or mine could crap out first, or mine could hit 300k? Only one way to find that out though.