Erik:
The main advantage of a narrower bevel is that it cuts better. There's less steel to push through the target. Performance can vary drastically by shaving just a few degrees off the bevel angle.
The main advantage of a steeper bevel is that it's stronger. More metal behind the edge means it's less likely to roll or chip out. But it's harder to push all that metal through the target.
Common wisdom also has it that the steep bevel holds its edge for longer. I don't find this to be true at all, PROVIDED that the narrower bevel doesn't chip out or roll during your uses.
Assume the 2 copies of the same knife, except one has edge bevels at 17-degrees each and the other at 24-degrees. First of all, the 17-degree version will cut so much better that it has to get very dull before it goes down to the performance level of the freshly-sharpened 24-degree bevel. So the 17-degree version has a huge head start, performance-wise.
Now consider that as you cut with both knives, metal will wear off the very tip of the edge. As soon as the thick knife loses just a little metal, it stops cutting. The narrow knife can continue cutting even after a little metal loss, JUST BECAUSE IT'S NARROW. Consider a piece of paper, its edge are cut absolutely square. Can it cut you? Of course it can, for no other reason that it's narrow. How about a dull letter opener, if it's really thin, doesn't it still go through letters fine?
Here's the general rule:
The best hi-performance edge for your knife is the NARROWEST possible edge you can get that can still hold up to your hardest uses without rolling, chipping, or otherwise being damaged.
What that "best" edge angle is for your knife depends on blade shape, steel and heat treat, and how you will be using the knife.
The Benchmade Ascent is ATS-34, and Benchmade's heat treat on their blades is excellent. Considering the cutting uses you mentioned, I would definitely go to 20-degrees. In fact, if you find the edge is holding up great at 20-degrees, I'd consider going down even lower, to say 18-degrees.
Joe
jat@cup.hp.com