Don't jsut compare steel vs. steel, handle vs. handle, etc. The M-16 is a CARSON designed product, and that may mean something to you. Also, it has the flipper, which other knives do not. Also, the M-16 is the ONLY knife that is the M16!! I bought a Benchmade Sentinel a year and some time ago for EDC. Not the best blade grind for that, but I loved the blue/black annodizing, I love the blade shape, and the fact that it was an Elishewitz design was nice too. What YOU like is as important as steel vs. steel.
Another example is me and back packs. My sister and her boyfriend just picked up some Arc'Teryx pacs for a great price. I'd rather save and get a pack from Eagle or Berghaus: a nice military pack. I like that style, so that is as important to me as which pack has pockets where and such.
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"Come What May..."