I particularly like the "I trust Buck" line here, when they themselves offer hi-end knives in S30V, BG-42, and ATS-34...so, you're saying that Buck knows a great secret but goes ahead and offers the other steels and charges more for the knives made out of them. Tell ya what, let's get C.J. Buck or Paul Bos on this topic and you can ask them of the good-ole 440C is superior to what's offered today.
Also implied in all of this is that Buck is the only company in the know and Spyderco, Benchmade, Kershaw, SOG, etc. and not to mention all the steel mills in the world that produce these steels have no idea what they're talking about.
S7 will hold its edge longer than S30V in certain types of cutting, and the reverse is true. The factors that contribute to edge holding are, just as others have said, extremely diverse and non-linear. Blanket statements that one steel is superior to another in all ways have as much validity as claiming that one color is better than another.
However, I'm guessing this is understood on some level and the primary purpose of this post thread is for attention. Or, perhaps that's not the case at all, and if that's so, then by all means continue to use 420HC, but stop expecting many here to agree with you. For some uses, 420HC is indeed superior to S30V, but don't think for one minute that there is any other reason for it being the darling of walmart and hardware store knives across the country than it is easy to produce (low wear on the machines manufacturing it) and that it stays bright and shiny for a long time, which the knife companies know all too well is the chief criteria for most of the buying public.
And as to Cabelas...hey, I like 'em, but I don't think the little guys who write up their ads know any more about the way a knife is made than the construction process for the fishing reels they sell or the chemical compositions of the insect repellents on their shelves. They're a distributor, and one with a vast array of products at that.
Im pretty new here but I smell a troll...
Watch your tone, sepia....
Get it?

Okay, obviously too much coffee this morning.