Drop forging throws a molten blob of steel into a die, and smacks it with another die to squeeze the excess steel out, and form a knife shaped billet that generally needs less grinding than a typical stamped billet. This process has pros and cons, but, done properly, will result in a perfectly good knife.
Casting is pouring molten steel into a mold, then the knife shaped billet is ground and heat treated. This process has pros and cons, but, done properly, will result in a perfectly good knife.
Key word in both is "done PROPERLY."