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From the Knife Steel Database : As Crucible states it has high impact toughness and wear resistance and should be considered for the applications where higher attainable hardness and wear resistance are
desired compared to 3V.
The only drawback to 4V is that it is not as corrosion/stain resistant as 3V.
I've got two knives in 4V from Big Chris and IMO, the 4V out performs 3V. One of the knives I have, Big Chris sent to Ankerson for testing. It's ranked in the top ten. Chris also told me the knife was tested for toughness. The blade wrinkled and had to be re ground. It suffered no damage other than it wrinkling. Don't have a clue what kind of toughness testing was done, you'd have to ask Big Chris.
Last year the knife cleaned four deer without having to put a stone to it. The other 4V knife I have has never been used yet. It's more of a show piece for me.
Big Chris is one of the few makers that has used various steels, 4V being one. I wished he'd do a few more.