What is the difference between the Cold steel Peacekeeper and the Tac 1 other than pr

Peace keeper has
5 1/2" blade Krup 4116 steel

TAC has
3 3/8" blade of AUS8

The AUS8 is significantly better at holding an edge and using it accounts for at least part of the price difference.

Add:
The Krupp 4116 is extremely similar in composition and performance to 420HC, which as I mentioned above holds an edge not nearly as well as AUS8.
______Krupp 4116_____420HC
C______0.45-.050______0.40-0.50
Mn_____0.4___________0.8
Cr_____14.50-14.80___12.00-14.00
Mo_____0.6___________0.6
V______0.1___________0.18
 
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