let me preface this by saying i really am not that experienced with knives...
Having said that in the last 4-5 weeks I have bought 4 t2 tacticals (1 frn, 3 red/black micarta), a t1, a t3 (this thing is huge and the liner on it about as thick as a mini grip blade), a cheyenne, 2 dark ravens (the original name for the blackfoot), and a longhorn...
the 3.2" blade t1 almost feels compact in my hand, it feels better than a mini grip but has amuch bigger blade. The t1 (and the whole t series are out of production for over a year now) is very similar to the cheyenne. The blades are very similar lengths and thickness, however the cheyenne is much wider. The handle of the cheyenne is much bigger and it weighs more, however, if I was going to recommend a lone wolf knife for someone to start with, it is the cheyenne.
Opens smoothly but not lightly. Very sharp out of the box (this is the sharpest knife tied with the t3, that I have gotten). The FRN feels incredible. The steel is s30v and people say that lone wolf has a great heat treatment. The blade is much thicker than say a regular sized griptilian. The fit and finish is excellent. The knocks I would say is that there is no lanyard loop, the pocket clip is not reversible (however it is very high and very smooth), and its a bit heavy (thick blade, thick liner, etc).
I like benchmade, I bought 2 m4 ritter grips that are slighlty longer blades. If I was going to be stuck in a survival mode, I think I would choose the cheyenne or the longhorn over it. I paid $92 each for them. I paid $165 for the m4 grips.
Oh, if I had to pick the perfect packin knife, it would be a t1.
Rich