Smoke,
I happen to have both knives you're asking about and find only minor differences between them in terms of carry, comfort, edge retention, etc. Both are light, both use good steel. In fact, I'm tempted to think that the small Ascent is BM's answer to the now classic Delica. I've been alternating the Delica w/ my Ascent for daily carry, simply out of curiosity. The Delica does the same stuff that the Ascent does, and does it w/ the same efficiency, if not more (b/c ATS-55 is supposedly a better steel than 34). Tru, the Ascent's handle is thicker, which to me, makes a more comfy grip (it's reminiscent of the AFCK's grip) but the Delica's handle, though thin in profile, is "taller" than the Ascent's, somewhat compensating for its thinness. The one big difference for me is the clip. Everyone's made a big deal about the reversible clip but I don't find it too impressive. Mainly b/c I carry my knives on the strong side, and that for me means putting the clip on the right side of the handle. However, that means the clip digs into my hand, and when I tried it on the left, it wasn't much better, AND the blade was more awkward to open (I had to flip it around to do so). On the other hand, the Ascent's clip, which places it in tip down carry, makes it easy for me to index, draw, index and open. But the hole on the Spydies bigger, making it easier for those of you w/ bigger hands to open. So all in all, they're just cosmetic differences arising from personal preference. Hell, just get both and sell the one you don't want. Actually, for the money, I'd go w/ the Delica. At $40, it seems like a better deal than the Ascent which goes for $5-10 more and you don't even get to try out a new alloy like on the 98 Delica! That's just my advice to you.