I have had a Recon Scout in the past. I no longer have it, but it's only because I needed some quick cash a few years back and sold it. It wasn't because I didn't like it.
Mine was made of Carbon V steel. I have no idea what that steel actually is either, but I can tell you this much - it was great stuff! It was tough, pretty easy to sharpen and held a sharp edge a long time. The little I know about SK5 points to it being comparable.
As for the handle - Kraton actually means the exact opposite of hot spots. It is soft, grippy, and squishy. It is one of the most comfortable materials a knife handle can be made of for prolonged use! The handle is molded over a full tang. The lanyard hole at the end of the handle passes through the tang.
Sooooo, to sum it up, it should have pretty great steel, an extremely comfortable handle, and it is a great size. It's smaller than a trailmaster, but it's still a large blade.