I guess you could say I'm one of those people that put 1095 Carbon Tool Steel on a pedestal high above 420HC as FortyTwoBlades commented about.If knife manufacturers in the USA were using both 440A and 420HC twenty five to thirty years ago it would raise different thoughts.My thoughts would be 'hmm...that 420HC does take an edge quicker,but the 440A seems to hold it's edge a notch or two longer'.
I didn't really gain negative feelings about 420HC through game cleaning,camping,and yard work...it was coarse materials.I began trying 420HC from different knife companies and my result was it dulls faster than any stainless except some 3Cr13MoV out of China or another mystery stainless with a higher carbon level but a low 50's rc in hardness heat treatment from a Chinese factory that makes 100 different things.The BOS Heat Treatment just can't hide what this steel is like naturally so if it's at it's optimum performance from Buck?then so was Schrade and Camillus's heat treatment of it when they stepped down to 420HC in the late 90's/early 2000's.Buck only picked up 420HC because their former steel supplier (Cyclops Steel) went defunct so the 425M(fine blanking version of 440a) was no more...the 420HC was a low cost fine blanking alternative.I really liked 420HC as an outdoors steel as it's common for people to get attached to their hunting steel to use in their daily cutting chores.It's just not hard enough compared to a well heat treated 440A from Uncle Henry,Camillus,Imperial, or an old Kershaw blade in AUS-8.
On the topic of 1095 vs. 420HC Stainless by FortyTwoBlades...
You're talking about an unalloyed tool steel with 0.95-1.03% in carbon versus a soft stainless with 0.46% in carbon.Make a lawnmower blade,an axe head,or a custom set of drills out of 420HC and see how quickly it dulls in comparison.Heck even cheat a little and give the 1095 you test a few points lower in rc hardness over the 420HC when you do the test.A lot of people don't want to admit that a plain inexpensive tool steel that comes out much harder in a heat treatment beats quite a few rust resistant steels out there.Not only in edge retention but sharpening ease on top of that long edge life.And I'm not talking machetes or just wood chopping...I'm talking about a pocket knife.As much as we all love knives here on BladeForums the fact is every production knife is disposable once the blade is rendered unserviceable from numerous sharpenings and that question is 'how many years will that steel last'?.Walk in an antique mall and you'll see 70-100 year old knives in carbon steel with plenty of life left on them...you won't see any in 420HC in the future...and that says something right there.