440C, no question.
440C has better resistance, holds a much better edge (far exceeds aus-6), when properly heat treated can be just as rust resistant.
Ive used it in over 24 years of knife making. Im not a fan of aus-6 in the least, especially those coming from taiwan.
440C was the "higher end" of steel in custom knife making in the 60's.
There was nothing wrong with it then, or now. The problem some use to run into, was that the buck knives made in 440C, years ago, did have a pretty hard temper. So they were hard to sharpen for many who did not have much experience sharpening knives. Then there were some knives coming from the "orient" that were 440C (or were suppose to be years back), that the qualtiy was awful, both in steel and temper.
The heat treat does have allot to do with how the steel will perform also. This has to be taken into consideration as to the maker of the the knife.