Sorry, I've only just seen this. Firstly, the mild steel is 43A, which is roughly similar to 1020. It sticks just fine with 80CRV2. It's a little more finicky because of the higher carbon and chrome, but not a big deal.
As for how it compares to the steels used by Emerson Stevens, that's a really good question which raises some very interesting ideas. From what we know, old time axe makers used a high carbon steel for the bit with carbon levels up around 1%. Steve Tall posted the steel compositions used by several old makers in a thread a little while back. And we also know that several of the premium makers -- including several in Maine -- advertised using 'silver steel' at one point or another. I think I saw an old Emerson Stevens sticker claiming to use silver steel.
Silver steel is a European steel similar to 52100. I believe it is the steel which William Scagel imported for his custom knives way back when. English silver steel has the following composition:
Typical Analysis (%)
C 1.13
Si .22
Mn .37
Cr .43
German silver steel also includes a little Vanadium, but is otherwise the same. Both variants are very fine grained steels with high edge holding and strong --but not super-hero -- toughness. It's been used for a hundred years for things like drill bits and razor blades. In fact, Wilkinson Sword used it at one time for their British officer's swords.
The interesting thing is this. The current orthodoxy is that for axes and chopper knives, the edge ought to be nearer 0.6% carbon. In other words they should be hypoeutectoid steels. We believe that tools which come under shock loads should use what are essentially spring steels. But it strikes me as interesting that when we actually made axes for a thriving timber trade and swords that were actually still used in battle, it was considered that higher carbon (about 1% carbon) steels were used by all premium makers. Perhaps, when these tools were actually used there was a greater emphasis on high performance and skill in use rather than mere indestructibility.
Anyway, sorry, I've become boring again!