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CTS-XHP is one of may favorites. Some liken it D2 but stainless for a comparison. It does use powder metallurgy technology. It's wear resistance is a step above S30V in my usage. And it keeps a razors edge pretty well. I like it. It would work well in a small fixed blade as well.
Ankerson would be better to answer this. From my own understanding, and based off of Crucibles data charts D2 and S30V are pretty close in toughness. It also depends on final hardness of both steels as well. I think in a small fixed it will hold up plenty well.how is the toughness of this steel? i know it is said to be stainless d2 but on a chart on a chart i found it states that the toughness of d2 is only about half of s30v. is this true?
If you want a small fixed blade you can buy a Spyderco Mule in that steel right now.