No comparison.
For $50 to $150 you will not beat the CS - the Recon Tanto has a rubber guard that may come apart after some use and the rubber handles on both will literally shred you flesh under hard use, BUT the steel is if I recall properly 52-100, which is a damned nice steel for the price.
Mad Dogs are no mass produced, they are sole authorship knives, they are cut and ground from blanks of 01 tool steel, differentially hardened and the handles are made specifcally to avoid irritating your hand.
I own a pile of them and carry and use them daily as do many of my friends. I have seen first-hand them do things you should not be able to do with knives of their size - the product of excellent edge geometry, balance and overall desig.
The Mad Dog kydex is literally the best I have seen and I have seen a LOT of kydex - no Tec-locks, no detachable loops, no gizmos, the sheaths are not designed to be multipurpose - they are designed to afford maximum protection and accessibility of your knife and protect you from it at the same time.
Mad Dogs are worth the price for some folks - I am one of them. They are also worth the wait, which is due to a ridiculous backlog - all his clients cannot be wrong.
As for the hype, I have seen a "few" other makers with all sorts of hype over non-ergonomic mass-produced (CNC or whatever) knives at, near or even in some cases surpassing the cost of Mad Dogs, with FAR more hype and I for one have not seen the performance out of them indicative of such hype. The internet is a great place to hype stuff up, but there is a reason MD Knives do not trade hands anywhere near as often as a lot of other folks' wares.
Mad Dog knives are like really good 1911's - they are built one at a time by a guy who knows one day your life could depend on this knife. It has to work then, with no hassles, no concerns, and no gimmicks. They are built for the user, and the collector who is looking for this purity also finds his way there.
Take a look at
www.mdtactical.com for a beginning look at Mad Dog knives and if you wish, email me at your convenience - I would be happy to give you some first hand user-end information about the knives.