Medium of chopping/slashing will be tropical low-growing vegetation with occasional de-limb branches of 5-6" in diameter.
It may sound like heresy coming from me, but I wouldn't recommend a super-thin edge on a blade like that. It's going to get banged up pretty quickly. A basic convex or 40-degree-inclusive edge will tear up branches and vegetation nicely, and be robust as well. So if a super fine edge isn't necessary, that pretty much eliminates any reason to choose CPM-M4.
As far as I know (which admittedly isn't very far), what the other folks here are saying about M4 and comp cutters is true. It's chosen mainly for its edge retention; those guys need to chop 2x4's, golf balls and other tough targets and
then make very precise cuts... all at high speed. That's just not the same kind of application as a machete or camp knife. We also need to keep in mind that competition knives are almost always a minimum of .250" at the spine, sometimes
much thicker - that's a lot of steel to back up the extremely thin edges they use.
My first choice for a project like yours would be CPM-3V... not as much edge-retention as CPM-M4, but still pretty dang good at 58Rc. It has similar corrosion-resistance and much better toughness. Honestly, if cost is a concern, I'm confident 1084 would do just fine in a big blade like that. It's certainly tough, and holds an edge better than it usually gets credit for. You could also ask the maker to HT the edge good and hard, and draw back the spine to a spring temper.
Say an OAL of 16-20", blade thickness of 0.18 to 0.2" and about 1.5-2" wide...
In addition to steel selection, I have some concerns about the geometry you're describing. That's a
big chunk of steel! Really more of a small sword than a machete, and personally I wouldn't want to work with something that heavy for very long.
I would think about coming down to .125 or
maybe .185" max stock with a full, mild convex grind and a good deal of distal taper. I suspect that would still give excellent reach and leverage/power, without being so heavy and forward-balanced that it will want to pull your arm along with it at full swing. Most machetes are well under .125" at the spine, made of cheap steel with fairly poor HT, and honestly they do very well at the kinds of task you're describing.
Sorry for the long-winded rant; I have a client with a similar project in mind, so we've been hashing through all the same questions
