My CPM M4 Mule took apart a 400 lb hog, including cutting off the lower legs at the knees and cutting off the head without chipping. It was still cutting effectively once the job was done, and it was literally hours of work. CPM M4, especially with Spyderco's heat treat (my Mule is 62.5 RC), is very tough with excellent edge retention and great sharpness potential. It is currently my favorite blade steel, as not even S90V or ZDP 189 impress me as much as CPM M4's great combe of toughness and resistance to chipping, edge retention, ability to take and hold thin and acute edges, and especially because it gets sharper easier than any other steel that I have tried. My last 2 folder purchases were the M4 Benchmade Rift limited edition and the Bradley in M4, and I am on the wait list gor the titanium Reeve Integral Lock M4 Spyderco Military due in May. I will most likely get the Rift and Bradley re heat treated to 65 RC by Phil Wilson to see the jump in edge retention I can get from pushing M4 to it's limits. From my experience even losing a little toughness to get an extra few points of hardness won't be enough to make M4 chippy, even at pretty thin edge geometry. As for losing a huge crescent shaped chip in M4, on a thin edge in any steel if you get a knife buried deep in say a piece of wood and twist out of the cut you can get a giant chip, especially on a very thin hollow grind (as in much thinner than the Bradley), but in a hard wood buried deep enough even a factory folder can get a chip taken out that goes all the way into the primary grind. Generally this takes a very dumb move of knife abuse to bring a chip like that, so if you use your Bradley folder as a knife you will be extremely happy with it's performance.
Mike