I have both. The steel isn't an issue - knife snobs don't like it because it doesn't have a pedigree. Blades cut as much from the profile and included angle more, and the Minimalist has those down pat.
They are two very different knives - my Minimalist is the recurve tanto, but most of the real issues center on how it's carried and used. It's a neck knife - fine at home or in the field, a pretty big fail in public or retail. If it had a clip on the sheath for pocket carry, it would be a lot more useful, and only the grip would be exposed. Even so, it's a fixed blade, and the social acceptability of that is not guaranteed, even in it's size range.
On the other hand, the Gnome is downright cute - but more difficult to use. I got it with a leather belt sheath and again, would prefer kydex with a pocket clip. I have carried it in the watch pocket of my jeans, and used red paracord to retrieve it. It's no worse to put it back, the sheath is stiff enough to hold open. In the public's eye, less alarming.
There is a standard of comparison I'm using them against - a HAK with kydex sheath that I applied a NiteIze clip to with VHB tape. I find it much easier to use, and not difficult to reholster. All that shows is the oval cord wrapped grip, which most don't interpret as "knife." It's easy to grasp, draw, cut open a box, and with a glance, resheath - but I can do that with any 3-4 inch clipped folder without even looking. Those are almost expected in the working circumstances I have, it's considered a tradesman's normal tool. The little knives are what get the looks.
What to get? BOTH, of course. Then you get to figure out how they work with your priorities and use, which could be entirely different from ours. I wear the Minimalist, it's become a backup/hideout most days, the HAK is a bit more treasured and stays home, the Gnome ignored. And most of my current EDC is rotating thru Bokers or CRKT M16s at work.