I was curious about niobium as an improvement/replacement to vanadium.
Turns out its just not as effective as vanadium in terms of wear resistance hence why its used to bring more balance to s35vn as a better overall knife steel from s30v trading some of that wear resistance for toughness, ease of sharpening and more corrosion resistance.
https://www.crucible.com/PDFs\DataSheets2010\dsS35VNrev12010.pdf
Of course s30v and s35vn should be very close in wear resistance if all variables are accounted for which they never are
Vanadium does the same thing described in the video and is also able to limit grain growth in small amounts such as aus8, vg10, 80crv2, 8cr13mov etc. These steels all have a low amount of Vanadium for the purpose of grain refining and improved response to hardening when heat treating( even transformations throughout the piece)
Also the steel being described in the video is not knife grade stuff. Super soft (0.03-0.05 Carbon), just iron really (austenitic/ferritic) , No martensite ( the structure that makes knife steel hard) and 0.0095 niobium,; just enough to stabilize the desired structures in absence of carbon to strengthen the alloy. This is good for welding pipelines, nothing us blade geeks care about

x80 steel is also cheap stuff compared to knife steel.
Basically the mechanics he describes in the video are a little different for s35vn which is focused on using the extra niobium for wear resistance as NbC, Niobium carbide. Its used as a carbide substitute for vanadium to keep the total carbide volume similar to s30v and a grain refiner second.
It would be like reducing the sugar of a soft drink but then using another artificial sweetener to keep the total sweetness up but reduced calories
here's more reading about the subject for more the knife nerds in us all
What is a grain boundary?
https://en.wikipedia.org/wiki/Grain_boundary
How Microalloying improves strength?
https://en.wikipedia.org/wiki/Grain_boundary_strengthening
How is the grain growth is reduced by Niobium/vanadium/chromium/molybdenum?
https://en.wikipedia.org/wiki/Zener_pinning
VC, Vanadium Carbide versus NbC, Niobium Carbide
http://www.matweb.com/search/DataSheet.aspx?MatGUID=9b8cf5d9e301463999f87de3d6744b94
http://www.matweb.com/search/datasheet.aspx?matguid=e6142d5f5c1247cbb4ce84f74201b23e
vanadium is harder