Me2...Good point, a lot of this is dependent on heat treat. My understanding of it is that M4 and D2 are decently hard steels which are likely to roll rather than chip. I could be wrong though. As for 1095, I put it there because a good number of knives designed for "chopping" are made out of it. All in all though, I'm just trying to give an idea of steels I've personally used. I'm sure M4, D2, and 1095 aren't at the top of the list in terms of toughness, but I wouldn't put em near the bottom either.
What about 3V? I've heard 3V's pretty tough.
If you are talking about CPM-M4, it's quite tough steel. Tougher than D2, and not too far from A2. And A2 is well-reputed to be pretty tough stuff for hard-use outdoor knives. The early Busse knives were A2.
It's tougher than pretty much anything out there except A2 and CPM-3V and S7 and INFI, as far as anything that we might expect to see in a knife.
And it holds an edge as well as M390, or very close to that. The only things that beat it for edge holding are M390(by a hair), CTS-20CP, CPM-S90V, and CPM-S110V, for steels available in knives.
And at 64HRC, I don't think you'll be seeing any denting or rolling.
CPM-M4 is as tough at 63HRC as M390 is at 59HRC.
And A2 doesn't even get close to CPM-M4 for wear resistance.
If you want the next toughest steel that is seen in knives which is above CPM-M4, or A2, then you go to CPM-3V, which is extremely tough stuff. At least twice what CPM-M4 and A2 are.
But CPM-3V doesn't get as hard as CPM-M4, nor can it match CPM-M4 for wear resistance. So, you gain a lot of toughness with CPM-3V, but you lose quite a bit of wear resistance compared to CPM-M4.
To my way of thinking, CPM-M4 and CPM-3v are two of the nicest steels out there which have some sort of "middle ground" balance.
CPM-3V is tilted WAYYY toward the tough side, but it still has wear resistance about as good as D2, and maxxes-out at about 60HRC. So, it's a pretty nice steel for a hard use knife.
CPM-M4 is much more balanced in characteristics, with toughness almost as tough as A2, and wear resistance in the neighborhood of M390, so it leans more toward the wear resistance side of things. And it has a useful hardness of up to 64HRC. A lot of very hard vanadium carbide formers. It's the number one steel for Blade Sports Competition cutters. Tough and stays real sharp.
Neither one of these steels is "tops" in either toughness or wear resistance, but they are very near the top as a combination of both. With CPM-M4 leaning toward the wear resistance side, and the CPM-3V leaning more heavily toward the tough side.