Personally, I really like the the grind you have on the above blade for an outdoors knife; given that you're working from 5mm thick blade stock, I think you can get away with a much higher grind on the bottom knife. I also agree with what others have been saying about the guard getting in the way of wood-working.
While I like the bottom design a lot, I see it being more useful as a combat knife.
That's probably because the profile is almost exactly the same as the Benchmade Adamas fixed blade.
EDIT to add that I think you could do with some narrowing of the top blade's handle, looks a little wide for a comfortable grip.