i dont think TC (aka hardmetal) would be all that good, definitely not good for an allround knife. some varieties are very tough (for being hardmetal that is)but they wont stand up to any abuse. if you dont pay attention when machining stuff with hardmetal tools it gets expensive quick, those small inserts are quite expensive.
however i dont think it will hold a good edge much longer than steel, maybe 50% longer maybe more. i mean if you use the right feed/rpm/cooling etc with hss it holds a good edge for a long time. both have their uses, hardmetal for hogging away alot of steel fast, hss for fine cutting (the last cuts) when a very good surface is needed, you can remove very little material if you want (as opposed to hardmetal), very delicate cuts can be made with hss.
i dont think it dangerous to use hardmetal near food, maybe little, vanadium is not that tasty either btw.
i would like to see a 1nm layer of aggregated diamond nanorods glued to 2 beta ti sheets (unobtanium plated of course), it should come with v-type adjustable angle dual 1kw argonlaser pocketsharpener (spare hands/fingers not included).