Why all the concern about the steel? A fighting bowie will be pretty light in the hand, so won't be much of a chopper. If this was a utility bowie or survival bowie or whatever, I'd understand the concern about using a good tough steel. But a fighter isn't designed for hard work, so I'm willing to put up with lesser steel in it. 'course, it's nice to have good tough steel "just because", but in a fighting bowie, balance, ergonomics, and edge geometry are everything, I feel steel is secondary.
If I remember right, the Helle's Belles from Ontario are some kind of 440-C-modified, or at least that what another poster here said. I don't think that would stop me from getting one, if I felt everything else about the knife worked for me.
I'd let the steel be the tiebreaker between two knives I couldn't decide between.
Joe
jat@cup.hp.com