Here are some first impressions of the two knives:
Natural Micarta:
The handle fits very well in my hand. The width and length are both good, the shape fills my hand, and the contours are comfortable. Overall balance seems neutral, or very slightly handle heavy. The micarta has darkened more or less uniformly, though the front end nearest the blade is whitish. I like the more pronounced guard (versus the Bushcraft guard), as well as the high grind. The short thumb grooves on the spine are well placed -the tip of my thumb falls right on the jimping, so I can apply maximum force without rubbing or blistering further down the thumb. This one has definitely seen some use - the blade has many small scratches, and there are a few dings in the micarta. The spine shows some wear. The "PROTOTYPE" side shows most of the wear, with the square edge starting to round off around 2 inches from the tip. Looks like someone has been batoning, or possibly a lefty striking a fire steel. There is minor discoloration - looks like most of this is surface residue, though there might be a spot or two of rust. The black color has worn off both etchings. This is an improvement for the Koster "K", IMO - the K is shiny, with a recessed, frosted background. The etching is much cleaner than on my Bushcraft. Most of the "as forged" finish has worn off. Cosmetically, I like the way the knife looks in a used state. Grinds around the finger guard are very uniform. Not quite perfectly symmetric, but very, very good.
The edge is serviceable. First two inches towards the tip are in worst shape. The tip is very slightly rounded, and there is a small but noticeable notch 3mm from the tip. The rest of this area shows smaller notches and regions where the edge is rolled. The edge is good towards the guard, with a few bright spots. All of these "problems" would be fixed with a decent sharpening, possibly even stropping - which is what I'm going to do before cutting tests. The small tip notch might take two sharpenings before it disappears. The knife cuts newsprint smoothly, with slightly more difficulty in the last 2-3 inches. The 2" of edge near the guard will shave hair.
Ironwood -
The handle has darkened, obscuring most of the grain in medium-low room light. More of the depth is apparent under bright light. Keep in mind, I didn't see the knife new, so I'm comparing the real thing now with Dan's original photo. The handle has picked up some character - dent on the K side, small scratches on the "Proto" side. Blade coloration has changed in a similar way to the micarta model. The brass pins seem to take a higher polish than the aluminum (?) on the Micarta. Pins near the guard have cosmetic scratches, those near the butt are still very polished.
The handle is again very secure and comfortable in the hand. The tapered tang is impressive - the taper is even, and the butt is very thin. The handle is more rounded from spine to edge, and is a bit narrower near the guard, while the Micarta handle is more flat. I prefer the contours of the wood handle. Balance also feels neutral, but feels distinctly different from the Micarta model. I can't quite put my finger on it, but the weight in the Ironwood seems to be right at the index finger. Picking up the Micarta after handling the Ironwood, the Micarta handle seems to be heavier along the length of the handle.
Edge is in better shape than the Micarta model, but shows a similar wear pattern. Slices more cleanly and shaves hair along the length of the edge. There appears to be a small portion of the tip missing, less than 1 mm. There is also a pronounced roll, about 1 cm long, about 3 cm from the tip. Again, nothing that couldn't be worked out by sharpening. Possibly preventable by matching the edge geometry to the work you want it to do - easier to do with your own knife than in a passaround.
One thing that struck me as I opened the box is that both blades seem to have a subtle belly - a bit wider near the tip, and narrowing back toward the guard. My brain connected this with the Marbles Fieldcraft, even though they don't look anything alike.
Cutting tests to come.