Relatively easy to forge, grain growth not a big problem, not too finicky to heat treat in small to medium blades IF you have the proper quenchant and it takes a nasty edge and holds it for a while and is still relatively tough. Bill Moran said that W2 doesn't give up a whole lot of toughness over 5160 and takes and holds a better edge. According to Roman Landes, you can leave it a LOT harder than you might think, like 62+ and it still will be pretty tough. I never temper above 450 even on big blades and reports back from the "field" indicate that even my early large blades hold an edge for a long time and show no signed of chipping, etc even when used to chop up whole BBQ'ed hogs and dead trees. LOL. I have used my own knives to chop up and skin a couple of "raw" hogs with the same result. Great steel, but you really need to soak it a bit before quenching and have a proper quenchant to get the most out of it.