FRN is considered low end material, because it is light weight and inexpensive. Micarta and G10 are considered higher end materials because they are heavier than FRN and more expensive. Carbon Fiber is considered the highest end material because it is lighter than Micarta and G10 and very expensive. This either means there are factors at work that I just don't understand, or FRN just had a lousy press agent.
People for some reason consider FRN weak. Yet, it is used for toothbrush handles, something people put in their mouth, then put pressure on and move around somewhat vigorously. In some circles that might be considered testiment to its reliability.
FRN is slicker that G10 - It actually makes a good enough bearing that many FRN handles have molded in FRN bearings at the pivot, while G10 needs bearings between it and the blade to reduce drag. You hear a LOT more complains of "gritty" and "stiff" actions on G10 handled knives. That grittiness, I suspect, is what folks equate with superior traction and "feel".
FRN is more resiliant than G10 - so in slabs of equal length, width and thickness, it will feel more flexible. But, in slabs the size of an average knife handle, this difference is not all that great. I strongly suspect that the greater perceived rigidity of G10 knives is due more to the fact that most G10 handles have liners and metal backstraps, while almost all FRN ones have neither. If I open both knives and squeeze their handles between my thumb an forefinger, midway between the pivot and butt, I can deflect those of my unlined G10 BlackHawk about as much as those of my FRN C41 Native.
In my more cruel moments, I sometimes wonder what would happen if you put a bunch of knives of equal size, one each with FRN, G10, Micarta, CF, aluminum, titanium, and stainless steel handles, in a really sturdy sack and tossed it in a dryer with a load of clothes every day for a week, then opened it up. Have a hunch the least beat up looking handle of the lot would be the FRN.
To some extent, both FRN and G10 are like chicken soup, coffee, or hamburgers. The quality can vary tremendously depending on the source, and the presentation can either enhance or lessen the qualilty of the experience. I think FRN handles with finely checkered panels, reminiscent of the look of handgun grips and rifle stocks, would be more visually appealing than the "volcano grip". I often wonder how FRN finished the same way Spyderco finishes G10 would be received.