I've got a couple of HI and >used< to have the BQM Kukri you are referring to.
I say used to have, because compared to HI, the BQM kukri is little more useful than a machet for light vegetation - so I sold it.
HANDLES - HI wood or horn is much more comfortable than the groved and squarish kraton handle on the BQM
BLADE - HI are .3"+ convex compared to a very puny .188" on the BQM. The BQM can slice thin stuff like grass and vines, but it is not a good chopper.
PRESENCE - HI feels alive in the hand, the BQM feels like a lifeless piece of metal. Hard to explain but anyone who has handled both will know the difference. You could plainly put it down to balance and handling - the BQM just sucks in comparison to HI.
SHEATH - ok maybe this is the only redeeming point - I quite liked the cordura sheath, except that the BQM sheath is actually from the pattern of the Cold Steel LTC (when Ontario used to manufacture for them before Camillus took over)
... so don't waste your money on the BQM or even the Cold Steel Kukri - I have owned them all in the hope of getting a modern material "tactical" kukri - and HI just cannot be beat so far... till I one day make my own custom tactical kukri!
