I don't think Darrel would have been comfortable with the project if he thought that Camillus' 420HC was a truly deficient steel.
As to the "useful point between a $445 custom and $70.00 420HC" - well, sure. But isn't that point more like a range? The way I see it, that range would include quite a few knives of all different types of steel and prices. Or is this point singular and defined only by the Calypso Jr. ltwt.? Not to mention that the term "useful" really couldn't be more vague when speaking of knives. Useful to whom, for what, in what situation, and under what conditions?
I don't believe any forum member (save for the parties involved in it's manufacture)has claimed to have seen or used the EDC. It's not even out yet! But some of us have used the same steel (Arclite) before, so to offer an evaluation of the Camillus 420HC's performance seems wholly appropriate.
As for 440C- I personally have never used a knife in 440C that I thought was worth a darn. I've been quite surprised to hear that people would have actually preferred 440C, as I've never liked it. I bought a Spyderco Herbst when they first came out (which is an otherwise sweet knife, glad to hear rumors of it's re-release) which used 440C, and that thing couldn't hold an edge at all. Likewise, a few Bokers that have passed my way yielded the same. Which is another reason why I didn't expect much out of the 420HC- as everyone "knows" it's place on the steel food chain. Yet here it is, and while I'll freely admit it's not the best steel- it's better than I expected, and I actually think it's better than the 440C that's come my way.
Discussions like this obviously work both ways. Some will not pay $70.00 for a knife in 420HC- and that's fine. We're all a bit different that way. I might be considered different because I will summarily dismiss ANY plastic handled knife. I just don't like 'em. That's fine, too. But if I hadn't ever used a frn piece, I wouldn't be completely informed if I said "plastic handled knives and x amount of dollars don't go together in my book." (not necessarily to you fudo, you said you've used the 420HC- just an example)
Is it possible that Camillus' has found a way to raise the standard of performance in 420HC through the heat treat? According to Will and Darrel, they have. That's good enough for me.
Plus- it's just cool looking and I want one.
Firebat
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Name's Ash......Housewares.