Rick Barrett almost exclusively use W2 for his katana so with proper differential hardening, W2 is definitely a tough steel.
But from my point of view, the real advantage of W2 is pretty much like Japanese White steel series which is the capability to hold a very acute edge like 8-10 degree per side. From my experience low alloy high carbon steel with very fine grain structure (such as 52100, W2) are better than most high alloy steel in that aspect. Thats why these kind of steel are great and almost always preferred among best kitchen knife maker in the world.
But when it come to regularly edge angle like 15 degree per side, high performance PM tool steel like V4E, M4, 3V, 4V, Cruwear etc. will start to have an edge due to much higher wear resistance, carbide strengthening, higher attainable working hardness (not as quenched HRC!) etc.
For corrosion resistance part W2 is just among the worst like most carbon steel.
But from my point of view, the real advantage of W2 is pretty much like Japanese White steel series which is the capability to hold a very acute edge like 8-10 degree per side. From my experience low alloy high carbon steel with very fine grain structure (such as 52100, W2) are better than most high alloy steel in that aspect. Thats why these kind of steel are great and almost always preferred among best kitchen knife maker in the world.
But when it come to regularly edge angle like 15 degree per side, high performance PM tool steel like V4E, M4, 3V, 4V, Cruwear etc. will start to have an edge due to much higher wear resistance, carbide strengthening, higher attainable working hardness (not as quenched HRC!) etc.
For corrosion resistance part W2 is just among the worst like most carbon steel.