Billyboyr6, if you would like a brief explanation of any terms, let us know. I tend to write as though everyone is familiar with the terms, which is a bad assumption on my part. Hypoeutectoid steels are steels with a carbon content less than about 0.8%. A few of the steels used that qualify are 5160 (popular with custom makers for chopping knives), 420HC (Buck), 1055 (Cold Steel machetes and GI tanto), 12C27 (popular Swedish made stainless steel), 13C26 (slightly higher carbon version of 12C27, same manufacturer), AEB-L (American made version of 13C26), and others. The last 2 are razor blade steels, and I've had very good results with 12C27 and 420HC. Cold Steels machetes of 1055 will cut two 2x4's and still shave my arm, and likely are about the same hardness as your D6AC. The maximum hardness of hypoeutectoid steels is lower than other steels with more carbon, and they have much lower wear resistance, but still have their place for us knife knuts.
I'll clarify a little bit what I mean by unfathomable toughness. This steel will be extremely tough, especially relative to some of the more popular cutlery steels. If you bounce a machete or such off a rock, and it's made of a steel like this, there's practically no chance it will chip at the edge or shatter out right. There's a good chance it will mash/dent pretty good, but you can't get everything in one steel, and geometry has a huge influence on this kind of damage. Traits like this are the reason hypoeutectoid steels are used in the first place.
As a kitchen knife intended for cutting meat (carving knife) I'd think it would work fine. Just give it a good sharp edge, and don't hit any bones too hard. As a broad generalization, if the steel is in it's working range of 250,000 to 280,000 psi, you'll get a hardness in the range of 53 to 56 HRc. This can be found on google with a search for hardness conversion charts. Hardness in this range is relatively low, and you can expect some definate edge rolling if you use it in a ceramic plate/cutting board. However, many kitchen knives are made in this range, and serve for years. Just don't cut anything frozen or try to hack through bones. Aim for a bevel angle of 20 to 25 degrees. If this proves satisfactory, lower it little by little until you feel the edge is too weak. Food is generally very soft, and the cutting board, washing, and storage in loose silverware drawers will do more to dull a kitchen knife than cutting meat, vegetables, plastic wrappers, etc. In short, you have a fine carving knife, and I wouldn't worry about the steel not performing properly, you just may have to sharpen it a little more often. I've seen video of a guy prepare a chicken dinner with a sharpened can lid. As an experiment, get some steel from Lowes or Home Depot and grind a blade from that, then see how it works in the kitchen. For meat and such, it will cut fine, just not as easily or as long as the thinner, harder blades. The strength/hardness just isn't there to hold a razor sharp edge on a 10 degree per side bevel. Past a certain point, weaker steel gets too thin and will just fold/deform. Anyway, its an interesting experiment.
PS: for those familiar with the term Charpy Impact Test, here is another example of how tough steels like this are. The Charpy test uses a large hammer with a pointed wedge on it to break a small (~0.5" x 0.5" x 1.5") bar of steel. A gauge records the the amount of energy in the hammer at the begining of the swing and at the end. The missing energy went into breaking the sample. What may not be commonly known is that cutlery steels typically use a smooth rectangular bar for this test. Steels like D6AC will use the same test specimen size, but will use a bar with a large notch cut into it. These steels are so tough that without the notch, they stand a chance of just not breaking, and bringing the hammer to a standstill. The maximum capacity of the machine will determine if that happens or not. The one I used to work with had a 300 foot-pound capacity (same impact as raising 300 pounds one foot then dropping it). We had a couple of steel samples stop the hammer and max out the machine, at 20 below zero. These were structural steels and I know of no cutlery steel that will do that.
PPS: if you can't tell already, I like blades with high toughness. I like blades with very high hardness too, just choose the right property for the task. Holy crap I'm long winded tonight.