1, To understand this, one has to first understand that CATRA "edge retention", or manilla rope cutting, or any "edge-retention" test with nothing but soft, abrasive material, are not for testing how well a knife holds its edge in real use. It's only for testing the wear resistance of a certain steel / heat treatment.
a, Wear is only one of the four factors that dulls an edge, the other three being chip, roll, and rust. Which means a higher toughness steel w/ inferior wear resistance will last longer than a lower toughness steel w/ superior wear resistance in a lot of case scenarios, especially for fixed blades that mean to cut / chop hard, solid stuff, like wood.
b, In CATRA tests, edge geometry actually plays a bigger role than the wear resistance of the blade material. A finer edge of less-wear-resist steel will stay sharper for longer than a thicker edge of more-wear-resist steel.
AEB-L's superior toughness means it can support a finer edge without breaking, which means in real use, it has the compounded advantage of both a, and b, and will possibly stay sharper for longer than a PM "super" steel.
2, Harder "super" steel with higher wear-resistance are typically harder to sharpen at home, and practically impossible to sharpen well in the field. A lot of people actually prefer knife edges that are very quick and easy to sharpen in the field, which makes AEB-L a superior choice for them.