Thombrogan , many myths on this thread !!!.
Vascowear and the company that made it no longer exist !! The equivalent is Crucible's Cru-Wear , 1.1 C, 1.15 W, 7.5 Cr, 2.4 V, 1.6 Mo
Finer more evenly distributed carbides give better toughness ,better wear resistance, finer edge. The CPM process of Crucible does just that .Compare CPM154 with 154CM.
Finer grain size gives toughness and finer edge .W2 with a bit of V for finer grain is better than W1.
Carbides are different .V,Mo,W carbides are more wear resistant than Fe,Cr carbides.
Proper HT can make a huge difference .We try to educate people in the Makers section to get the best HT and properties by explaining the detailed hows and whys of the process.
Which to choose ? It comes down to compromise of how fine is the edge, how long edge holds up, how easy to sharpen, and of course how expensive. Put aside your prejudices [stainless is terrible etc] .We have a huge choice today , a wonderful thing.
Some of my favorites are CPM154, S30V, A2.