I've never used meteorites so I have no personal experience. Please correct me if I'm wrong.
The single most outstanding aspect of the meteorite is the Widmanstatten designs exhibited on the surface. Other than this, they are mostly made up of iron and nickel with virtually no carbon and are utterly worthless for blade material, per se. An inner core of steel can produce a san mai blade and meteorite can also be mixed into a damascus billet. In the latter case I would think that your overall carbon content would be reduced drastically.
It's also my understanding that upon reaching forging (or perhaps even critical) temperature, the much-desired Widmanstatten pattern disappears forever. This is why for bolsters it is cut, ground and implimented in its natural state with no heating.
Except for being able to state that your knife was made from meteorite (cool factor), I can't think of a good reason to use it except for guards & bolsters.
Am I on the right track?
Cheers,
Terry
Terry L. Vandeventer
ABS MS