Cobalt, the cryo transformation of retained austenite to martensite does not significantly increase the strength or flexibility of the steel. It increases the hardness and wear resistance, and I would doubt that very much austenite it retained in busse knife steels. They are not cast, and they are probably quenched to achieve a small grain structure in the first place.
Also, chopping ice is not the ultimate test of a knife in the cold. Ice is chopped to reach water underneath. I am very sorry to break this to everyone, but when you can reach the water underneath, it is not, and has not been, cold. Our friends from Canada are much more experienced, but real cold (in my opinion) starts at -20 F. That is when everyday tools and machines start to "feel" the effects.
Also, chopping ice is not the ultimate test of a knife in the cold. Ice is chopped to reach water underneath. I am very sorry to break this to everyone, but when you can reach the water underneath, it is not, and has not been, cold. Our friends from Canada are much more experienced, but real cold (in my opinion) starts at -20 F. That is when everyday tools and machines start to "feel" the effects.