are you accident prone? If you are, then leave out the spike.
I remember the first time I got my hands on a spiked hawk ...I went to throw it using the same form I normaly use with a hawk, and managed to cut open my own head with the sharpened spike!!Pretty smooth huh?
For some reason I find the combination of these two posts hilarious.

I strongly favor a spike for 1 vs 1 and slightly favor a hammer for 1 vs multiple. One advantage of the spike is that while practically nobody expects to be targeted in the middle of the chest with an axe a spike is great for targeting the heart.
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