01 is superior in edge holding, but requires a soak of around 1500o for about 15, to 20 minutes to get it into a good solution. That is one drawback, the other, to some, is the price. I don't mind the extra cost to get a better blade. It will also air harden if you heat it even to a low pink. Drill all holes before HT. 01 also has a dose of tungsten, and most has a bit of vanadium. I used 1095 for many years before switching to 01. I have never looked back. It does not rust any faster than any other carbon steel, and takes cold blue very well, if desired.