Mikemck :
As for the Rc of 45, again I don't see a problem, overall, based solely on what I have read. What is the average Rc of the materials that are being cut, on a day to day basis? If, as Mission states, most daily cutting chores involve cutting materials with an Rc below 45, then an Rc of 45 would seem to be sufficient. I, however, do not know the Rc of the materials I personally cut for the most part, so I can't say for sure.
Unless you are cutting hardened steel, or rock, the hardness of the materials you cut on a regular basis (rope, wood, flesh etc.) is so low, that it won't even register on the RC scale used to measure hardness for knives. Bone and teeth are probably the hardest, teeth are in the mid to low thirties.
However, this is somewhat deceptive. Knots in wood for example can damage blades that are much harder than the wood, because while they can't directly impact the edges, they can deform them. During a contact the wood will compress for an instant, and then its resistance to further compression will be too high, and then the edge on the blade will bend as its lateral strength is exceeded.
For example, while clearing some limbs off of a piece of Pine (or Fir), I accidently hit the serrated part of the MPK, off of the limbs a few times. After finishing the cutting I noted that one of the serrations had been folded over to the side. Similar light damage was seen when using that section of the blade splitting some dry and knotty wood.
In regards to general edge retention. The serrations are quite aggressive and last a very long time. They far exceed the ~500 cut capacity on 3/8" hemp rope which is often used as a high end standard. The plain edge will not do nearly as well, on such cutting, but then you don't use it for that anyway. It holds up very well for chopping and such, you would be hard pressed to dull it during a single chopping session, and it responds well to a strop or aligning via a steel. Leave the edge filed for maximum aggression and edge retention during slicing, and maintain with a butchers steel.
As for breaking one, I bent the tip prying in wood, and could have broke it if I cared to. However I have not seen a knife of similar penetration abilies (scaled by mass), not be bent, and many get broken, during the same task (digging a hole through a 2x4). The serrations are the only real durability problem as they can be impacted quite readily as they are thin, and you can in fact grind them right off if you try to cut through hard materials. I did so on steel braided tubing.
As for cutting ability, that is dominated by geometry not materials. You could make a knife out of mild steel which could cut as well as any high end knife of the same geometry. Ti has no problem obtaining a razor edge, or a very aggressive one if you prefer, so it is just a matter of getting the edge profile where you want to get the desired performance. You can easily file it to shape.
Talonite/Stellite 6K has many similar drawbacks due to a low RC, and doesn't have the impact toughenss or flexibilty of Missions Ti.
-Cliff