This thread has me nervous. Am afraid I'm at the root of this question, and it isn't all that comfortable being there.
I got my Sebenza, S-2, EDC, and Paragee in just a very short period of time. Though used, the Sebenza was virtually perfect. One tiny scratch about a 1/4" long at the most, and you had to look for it. The S-2 -- hasn't changed much -- has too much spring built into the locking bar. It clangs shut with the loudest noice and most force of any knife I have. It gets full lockup. It is difficult for me most of the time opening the lock with just my one thumb, as I open every other frame and liner lock I own. It is a surprisingly uncomfortable knife for my hand. I think that is mostly clip design and placement.
My EDC had the detente ball from hell. It actually hurt my thumb to push the blade away from the handle. When it let go, the blade flew to the almost fully open stage. It was so abrupt I had trouble maintaining a solid grip on it. The EDC wasn't particularly comfortable in my hand. My Paragee on the other hand, had the same sort of quiet lockup of about 70% that the Sebenza did. It is exremely easy to open the lock. The action of the Paragee has been virtually perfect since I got it. It just glides whichever way you are cycling the blade. It's handle is longer and slimmer than that of the EDC, and it felt very comfortable in my hand. In addition, I'd gotten a good deal on the Paragee.
In my enthusiasm for the Paragee -- partly enhanced by my receipt of the OE Magna around that time, and a lot of pleasure in that knife -- and I wrote a post on the OE forum, doing sort of a comparison between the Paragee and the EDC, likening the Paragee to the Sebbie, and the EDC to the S-2.
In no way did I mean to compare the Paragee to the small Sebenza. I was trying to say that the Paragee, for less money than the EDC, worked better, and felt better in my hand, just like my large Sebbie did compared to the S-2. I only compared the Paragee to the EDC.
Now, my EDC's detente lets loose of the tang hole a lot more gracefully. Not as smooth and easy as I'd like, but far better than when it was new. The action isn't as stiff, tho still stiffer than that of the Paragee. The handle comfortableness hasn't changed a whit, but I'm more used to it.
I'm not sure I'd label the Paragee the poor man's small Sebenza. I'm sure there is substantial difference between the two. It does operate much more smoothly than does the EDC. The EDC, however, is definitely a stouter knife than the Paragee. It's handle is wider top to bottom. Tho shorter, there is more to grab onto where its important. The blade is wider as well. There is no doubt the 154CM is superior to the AUS8 -- except in the case of CS knives, of course. I think that the EDC is probably more suited to hard use than the Paragee, but think the Paragee is a solid, good knife. I carry the Paragee a lot, while the EDC is relegated to my fanny pack, with my wallet, which I forget about half the times I go out.
Sorry if my words caused any inconvenience or confusion about the merits of the Paragee.
