The non-CPM version of D2 has chromium carbides that can get very large, up to 20-50 microns at times. As I understand it, CTS-XHP is a powder metal tool steel, meaning it's carbides should be much smaller (probably smaller than 5 microns, at least) and more evenly distributed throughout the alloy. So, even if both share similar elemental makeup in essentially the same proportions, the smaller carbides of the powder metal alloy will make the steel easier to grind and also easier to shape to a keen edge. This is the same reason why CPM-D2 (a powder metal version of D2), should be much easier to sharpen, as compared to straight D2, which was not made using powder metal technology.
David