CPM 154 is another one I have been wanting to try for a long time and haven't been able to. I have heard nothing but glowing reports of it, and I'd love to compare it to my 154CM folder that tested at 61 RC for a good comparison. I don't think 154CM can go much harder than 61 RC without being pretty chippy, so I'm guessing CPM 154 can go up another point or two without getting chippy and also be able to take a finer edge. Well, maybe it will take a slightly finer edge when polished (my observations of D2 and CPM D2, both at 62 RC) but hold it a good bit better than the non CPM version (something I unfortunately didn't have a chance to test when comparing the custom D2 knife to the production CPM D2 Spyderco). When I compared the custom in D2 at 62 RC to the Spyderco Military in rope slicing with a poly cutting board (that will cause much more wear than a nice soft wood backing) the edge retention was almost identical, not surprising now that I know the Spyderco in CPM D2 was the same hardness. The Spyderco took a bit finer edge when polished out, though the D2 took a hair whittling edge as well. I'm guessing the finer grains would have shown the CPM steel to have better high sharpness (polished) edge retention, and most likely less chipping under harder use. I couldn't do an apples to apples test on the chipping though as the custom knife was much thinner than the Spyderco. It would have been nice to test identical knives, but not being a knifemaker makes that pretty tough. One thing I can say is that CPM D2 at 62 RC makes a great harder use 4" blade for the Spyderco Military, much better than S30V for me. A sprint run of CPM154 at 62 RC would be a must buy to test out in the Millie though, and I have a feeling that S35VN may be making it's way into a Millie sprint run at some time in the future. For some reason (availability?) it seems there hasn't been much in the way of CPM154 production blades, and the few I have seen seem to be very pricy. With Phil Wilson's praise of it I wish we could see more of it in production blades for reasonable prices.
Phil, have you tried any CPM S35VN yet? You sure have tried lots of the CPM steels, especially the real high wear resistance stuff like S90V, S110V, S125V, and 10V at their limits of hardness. I know you have really praised CPM154 a lot, it seems S35VN would be a nice new steel to compare to it.
Mike