Carl, there are actually two ideas of toughness to consider, the gradual loading or bending that knifemakers most often mistakenly think of as toughness, and the actual definition of toughness based on sudden loading recognized by science and industry.
gradually bending a blade in a vice to see how far it will go is actually an exercise in observing various degrees of tensile, compressive and shear strengths of the steel and not toughness. The steel will behave very differently under sudden loading than with gradual pressure. With gradual bending the steel has time to compensate with internal mechanisms of deformation to allow its tensile, compressive and shear strengths to handle the load, but when the load is applied suddenly the steel will behave in a more brittle manner than one would expect because all it has to work with is its impact toughness.
You can use the gradual bend thing and be in the company of many knifemakers but be aware that you will actually be observing all kinds of things that have little to do with toughness, or even the steel or heat treating. For example how far the blade will flex before taking any sort of a set will be mostly affected by how thick or thin it is regardless of steel type or heat treatment.
I like the actual application of impact toughness, not only is it more accurate, it more realistically simulates the forces a large knife would see in proper knife use. Knives make lousy pry bars, and pry bars make even worse knives, but larger blades will often be called upon to chop things, i.e sudden loading on the very thin edge. Chopping harder materials with the finished knife is one of my favorites. Also impacting the edge with a 1/2" brass round hard enough to make nice cuts, straight on is good but if you really want to push the limits at an angle to the edge is really hard on it.
Of course if you really want to compare the actual measured toughness of a given steel find a spec sheet on your alloy that includes data on "impact toughness", and compare it to other steels you are considering. The data sheets I used to get from Crucible on my steels included all of this and much more in the way of very useful and highly accurate information.