If you don't think HT is important, compare a $25 Buck 110 from Wally World to other 420/440 families of steel in a similar blade. That is one heck of a buy. I have cut RG-58C/U and RG-6/U with my older ones (I lost my oldest 425HC one!). I have stripped coax to solder on UHF & N connectors with one, and cut printer ribbon cable, too. A Sharpmaker is all you need to return a regular 110 to hair-popping. One day, I saw those S30V 'Alaskan Guide' Bucks in Cabela's catalog one time too many - and couldn't wait to get a 110 & 192 of that family. They were 'too pretty' - and that black Al-Ti-N coating got blemished on the 110, so I cleaned them for display.. until I could afford a 'spare' as a user. Last spring, my wife saw me looking at the S30V Spyderco Native - at Wally World - and snuck back to get me one. Last fall saw the 408 fixed and 419 folder Kalinga Pros in S30V arrive here. I have used them all - and that Spyderco has been 'abused'. All are fine - oddly, even the Native. I am convinced that their HT is good - I know Buck's is - they have Paul Bos!
According to Buck's dealer catalog, the 420HC is Rc 58, 154CM Rc 59-61, and their top-of-the-line S30V is Rc 59-60. I am not sure about their BG-42 - nut it is only available from their 'Custom Shop' in custom 110s. I have one - and it is a great cutter - but I cannot speak to it's long term use, as I don't carry my custom 110s often. That Spyderco Native in S30V is well used, having seen many cardboard boxes, letters, and clamshells (plastic blister packs) to open. It will still pop a few hairs, but I am anticipating some serious time at the Sharpmaker one day. My other, far lesser used, S30V knives are still super sharp. I think of it as a 'premium' steel, keeping my more easily re-edged 420HC knives for most duties. Despite the abuse, my S30V Native, or any of my Bucks so bladed for that matter, displays no rolled or chipped areas on the edge via an 8X loupe - neither do my much lessor used Bucks.
I think your problem may have to do with a bad heat treat - they all occasionally get them, or so I hear. My BM Grip has steered me clear of other BMs for years due to it's soft 440C edge. The SM will put a wire edge on it in a few passes, indicating it is soft. It then rolls and breaks while stropping (Mouse pad with Semichrome polish.), leaving it barely sharper than it was. The same process with my 110s and SAKs will bring them back from the butter knife drawer to hair-popping user.
I finally got a BM 201 Activator+ in D2 - it's better... sadly, I got my first Bark River, a Huntsman, that day - they are nicer - and I really like CS, like their A2. The convex edge is now my favorite, too. Still, for edge retention - under less than kind conditions - that S30V Native has proven to be a winner. I'd say S30V is highly capable.
Stainz