I've never read a poor review of a CRKT knife with an AUS8 blade and the LAWKS. I, too, have a goodly number of them and have never had one fail. I'm not crazy about the chisel grind that comes on them, but if I sharpen them as if they were V-grinds, I do get a good edge.
For all the garbage I read about Cold Steel, I find that their knives are sharp out of the box, their steel appears to be heat treated very, very well, and their locks tend to be strong. For this reason, I'd have to rate CS better. It's true they don't produce knives in premium stainless (like 154CM or CPM S30V), but then their mainstream knives don't skyrocket up to the hundred dollar mark and beyond like Emersons, Benchmades and Spydercos. CRKTs are priced about the same as CS in many areas, but CS offers more in the way of durability and blade quality.
CRKT M16s are beautiful, though. Just handling both one would assume CRKTs make the better knife. But when one looks at reliability, strength, and edge retention, CS, I think, comes out on top.