Kevin,
Just my opinion. It's both. One without the other wont work. Every event will test the maker and at the same time test the knife. A bad cutter wont win even if he has a well made knife. A good cutter probably wont do well if the knife is not set up for a variety of events or, especially,if the heat treat is not dead on.
All of the events that Jerry Fisk and most other competition officials think up will test the knife and user in real world situations.
In this competition we:
Chopped 2 X 4 aginst the clock
Attempted to cleave a cola can down fron the top
Attempted to cleave a ping pong ball while sitting atop an empty water bottle, ball and bottle must be in two pieces
Attempted to Cut a one inch rope hanging by stitching thread
Attempted to Cut a bendable straw without it bending
Each of these events mimic, in some way, situations a knife user may encounter. Lin