Broad generalisations here.
Nitro B looks vaguely similar to 12c27 AeBL or 420 a fairly low alloy stainless.
Enough chromium in steels to make it stainless is likely to increase grain size and reduce toughness. Carbon content over about .6 like 5160 also reduces toughness. High alloy steels have larger carbides and grain size, generally, these aspects reduce toughness and flexibility, although geometry plays a large role as well. Simple carbon steels properly heat treated have smaller carbides and grain size increasing toughness and flexibilty. Large carbides often increase edge retention, small ones increase toughness.
Corrosion resistance in a heavy use chopping tool like an axe, camp knife , machete or sword is only IMO a consideration if you are concerned about looks over function. I have dug machetes and axes out of the ground buried for years, file an edge on , refine it with a stone, and you have a perfectly functional tool for years to come.