In the real world, 420HC is not a bottom of the barrel by any means.
It's position may be seen by some as such, but views are often skewed by prejudice. For the steel snobs that absolutely have to have the very latest wonder steel of the month, 420HC may b e bottom of the barrel. But for the rest of the real world that only needs a sharp knife to cut something, it's a perfectly fine steel. As is plain old 1095, Case CV, and whatever some day laborer in some other part of the world issuing to cut up a goat for dinner, or a sack of something to use on the farm or ranch.
It's easy to get a slanted view on a forum like this, but in any bobbie field it gets a bit over blown. No matter cars or guns or whatever. The gun aficionado thinks he needs the latest greatest black rifle to go deer hunting, while some parts of the world they use beat up old single barrel shotguns for everything including dangerous game like Jaguar.,
Use 420HC for a while and you may be surprised at how ell it performs day to day. Truth is, most people wouldn't know the difference in what steel their knife is, on a day to day basis. The 420HC, 440A, 1095, CV, 12C27, AUS8, all do well for knife use.
The only blade steel I've actually felt diminish in sharpness quickly - in about 2 weeks regular use -
was AUS8 aka 8A. The knife was a 1980's Beretta made in Seki Japan (so I assume the heat
treat was decent at least if not even better than that).
With some care and time, it does take a great super sharp edge initially. But as noted I felt that
edge wearing away too quickly with just normal daily use, nothing heavy or unusual at all.