Bronco :
with a 5160 Anaconda you would be able to take the grind up much higher toward the spine thus significantly increasing cutting efficiency while sacrificing nothing in overall strength, impact resistance or the ability to withstand prying forces.
In general yes, this is exactly the benefit of using better materials, you can "push" on them harder and achieve a higher performance. The problem is that this is not well understood even among makers who will offer blades in identical geometries out of different steels.
It is common to see people say steels make little difference, because of this. Buy a blade in 3V with a geometry identical to a functional 1095 blade and they will perform next to identical in how they cut. Do you then conclude that 3V offers no advantage over 1095? Well no, you conclude that the person who made the 3V blade doesn't understand materials.
Jerry Hossom is an excellent example of a maker who has taken advantage of better materials in order to produce a better blade. When he switched from ATS-34 to 3V he was able to craft a knife/sword that cut significantly better and lost no functional levels of durability. He did not simply make the same blade in 3V and expect it to be better simply because of the steel.
As with the cost of 1095, it is one of the cheapest steels, regardless of grade, both in terms of base materials cost as well as working it and heat treating. Can you make a knife out of it? Of course you can. Will it be a functional tool? Of course it will. However you can say the same thing about Al alloys and even simple mild steel, I have used blades out of both. The fact remains is that with a better material you can achieve a blade that will be able to take higher levels of stress with a lower cross sectional requirement so that the cutting performance in general will go up.
You also have to look at the price. Allen Blade will make you a 10" combat bowie for far less than a large TOPS knife and this is a differentiall tempered, custom flat ground piece of 5160 with an enclosed tang and custom Kydex sheath. Matt Lamey also forges blade in the price range of the large TOPS blade and there are many others.
Ron :
How is your hammer? Is it rusted Cliff?
First off a hammer can be fulled coated with rust and unless it is for finishing work, it will make no difference. Take your hammer and knife both NIB and leave them in salt water overnight. Then sheet up a house with the hammer and try to cut up fibreglass insulation with the knife. One tool will fail because of rusting one will not be effected significantly.
Anyway yes, my hammer is rusted, as are most tools except for the alloy wrenches mainly. The Cr-V steel is obviously very strong, but has the additional property of being very corrosion resistant. The jaws usually rust though as we use water as a coolant in the lab and the wrench jaws are wet on a regular basis and the atmosphere is high oxidizing due as Oxygen is often used so the concentrations in the air will be high. Even outside of the lab plain steels rust readily. I worked for a couple of years in construction about 10 years ago as it is a family business and there was not an abundance of shiny tools on the job site, except of course among the people who were new.
-Cliff