great points, but also consider, it's decorative until its not...
like with the best of the japanese swords, only the outer layer had higher carbon % - thus more martensite, more hardness, but with that comes the brittleness
...but that negative is reduced greatly because its only the outer shell... since its only a thin layer, the actual structure is different internally...
the softer core with lower carbon was much tougher, and kept the thing from breaking in battles (again, that is why most machetes stick with 1070/1075 - easy to be tough below the
https://en.wikipedia.org/wiki/Eutectoid)
differential quenching can also somewhat give these benefits, but delivered in a different form
.... does all of this really trace back to benefits possible in modern damascus?, ... (imho) not really, since they mostly diffuse carbon around in the process of making many layers and ensuring it won't delam -> you get a fairly homogenous new steel
so you're back to needing the right mix for the job
...
if you want super tough damascus, make sure you're under the
https://en.wikipedia.org/wiki/Eutectoid with the average of the mix
ie -> 1075/15n20 is a great great choice (imho, the toughest most simple dama mix since they're both about 0.75% carbon)
vg10 type dama bases will be nowhere near as tough, nor will the exotic super high carbon pm steels