Mike Stewart commented on Sk-5 in another post. Said if done properly is better in many ways than "Carbon V". Funny thing is the blade will probably outlast most people's average use of the knife.
I know, Bladeforums is for commenting and questioning the merits of all the cutlery steels in use. It really is simple as what is the thickness of said steel, bevel acuteness, heat treat, carbon or stainless etc. A thick blade will not break like a thin blade. A thin blade will cut better than a thick blade. A "stainless" blade will not corrode as quickly as a carbon blade. Etc.
I like the simple philosophy of buy the best you can within reason and take care of that purchase like you would any other material object you value. Also of the mind that you use the correct tool for the job. You want to dig a hole, use a shovel or trowel. Chop down a tree, try an axe - they work great for that

Break up concrete block - come on already!
I am an avid collector and user for many years and like them all for their various strengths and weaknesses but a knife is, by its very nature, designed to errode through use. Enjoy the tool for what is is - a man made invention to make life a little easier. Thats about it.
Now go out there and continue to support the fine knife makers and make your own life a little more enjoyable in the process - end of sermon
Dan