StealthAndCamo,
There's a bigger picture to look at than the type of steel. The tactical folder that fits your uses best might not use your favorite steel. My favorite steel is "M2", but it's not used in my favorite folders. There are some highly useful folders out there in AUS-6M, 420HC, and 440A (good steels, but often snubbed by knife buyers who want either better or much, much better) and dogs in 154CM and ATS-34.
If you're looking to use a knife for self-protection, anything, steel or not, will work. If you find yourself in so much trouble that edge retention matters for a self-defense folder, stop acting in a way that makes so many deadly enemies.
For peaceful uses, you'll find S30V, VG10, D2, and 154CM/ATS-34 at the top of the list, but that won't matter if the thickness or shape aren't suited to your needs.