Heya Brian, nice to see you post here.
My only real point of contention is your comment about how L6, 5160, and 1050 blowing a generic "tamahagane" away. While it is true that there is a definite carbon disparity between certain pieces and others (some being pretty much "pure" iron, others having more than 2 or 3 percent carbon), a well-made sword is often from adequately sorted materials welded into good billets. A good smith could/can make a billet very "clean" and adequate. If heat treated properly, it would be nearly identical in "performance" to a decent 10xx blade as the chemical composition is very very similar.
OF COURSE, life isn't that simple and the majority of blades produced were in fact a serious tradeoff (my opinion a tradeoff, some folks may dislike me for this): lamination techniques. Some say it's to make blades more ductile or to prevent crack propagation, I personally think it's just an economic way of utilizing lower-carbon steel and iron without drawing away the hardenability of the edge, and "tradition" has bound a lot of people to it. If you use a higher carbon shingane/kawagane, you are making less of a tradeoff (and carbon migration will TRY to even things out a little bit), but with the low-end material, even carbon migration in that time will not help much. This preserves a high carbon edge that is fully hardenable (perhaps too much so in some cases), and leaves one with that notorious dead-soft spine that allows bending like taffy and undue edge stress. THIS is where modern blades generally leave antiques in the dust.
That said, I believe there are a number of good swords that were not made with laminate techniques, as well as swords that were well-laminated with reasonably high-carbon kawagane/shingane. If you can find a blade made in such a way with a good heat treatment (which is far from impossible just because it is old...they may not have had all the technical nomenclature we have today but many understood what it was about and what kind of variables to control), its performance would be just fine. They may not have all the aesthetic appeal of coveted Nihonto (though some do even), but they beat out the vast majority of the antique swords out there.
I still revere Nihonto for what they are and give credit that some swords made were quite excellent even by today's standards, but even a good 1050 homogenous steel sword with a good heat treat would be considered fairly "premium" in performance back in the day. The high-performance category would knock their socks off in terms of durability. Some would say that these performance makers still need to work on perfecting their geometry, but it doesn't change the reality that their blades cut and cut and keep on going. Personally I love the old "orthodox" designs, and would likely never buy a sword that has the very different shape or geometry, though I would certainly venture far enough to consider a Clark sword for instance.
I think some good antiques are more than adequate for repeated cutting exercises and fairly resilient to bending/chipping/etc, but I do agree that the vast majority of swords are much less capable than we have allowed people to believe.
Generally I just restated what you did, but emphasized that there is a minority that is not "inferior" in performance, even if only on par with a good 10xx blade (though a good 1050 or 1084 blade can take a lot of punishment!) and generally not approaching the potential of our current "performance-oriented" pieces.
There's a lot in the heat treatment, and even though it may not be adequately documented, some smiths have no doubt had very "lucky" swords come out of the quench and some have had very unstable blades.