There are three reasons that I do not use stainless, unless a customer specifically demands it. I'm sure I'll get a lot of responses that disagree with me, but these are MY reasons:
1. Toughness: I can achieve a much higher level of toughness with a steel that can be differentially heat treated. Most stainless steels negate the possibility of differential heat treating. This brings up the old argument of whether a blade should bend or break.....some will say that they want a knife that is so "tough" that it should break if they ever have to put enough force on it to do so. My opinion is that I would rather have a blade that will bend, and could be somewhat straightened out with a rock or by tweaking it in the fork of a tree, and continure using it, instead of having a blade in multiple pieces that is useless.
2. Cutting ability: Let me qualify this one..... Cutting ability based on a specific hardness level with non stainless steels allows me to create a much finer edge geometry, which in turn creates much less cutting resistance than a stainless counterpart, which by virtue of its hardness level must be ground with a more obtuse edge geometry, in order to increase its toughness to the point where chipping isn't an issue. In order to understand this, take a look at just about any issue of the Knives Annual. Pay particular attention to the edges of the various blades pictured. By and large you will notice that the majority of stainless blades have a huge primary edge bevel, which is visible in the photos as either a brighter or darker portion along the cutting edge. This overly obtuse edge geometry is bult in to increase the toughness of the edge, and keep it from chipping. However, it also greatly increases cutting resistance, and will often times make even a blade that is sharp, seem dull when its being used because it requires much more force on the user's behalf to make it cut. This same phenomenon MAY be visible in SOME carbon steel blades, but generally not from those makers who know what they are doing.
3. Ease of the customer/client to maintain usability: By this I mean that even though a non-stainless blade will require more care to maintain its cosmetic appearance. The blade will generally be easier for the client to sharpen and keep sharp than a stainless counterpart. Karl even said it in his post when he mentioned that his customers generally send their stainless knives back to him to be sharpened....in my opinion thats simply a hassle for the customer.
Finally....and this is probably gona get me all kinds of flak.... I have asked far too many makers who use stainless exclusively, why they apply a specific grind or a specific Rc hardness to a given blade/steel. More often than not the answer I have received is because either someone else told them thats how it should be, that its the easiest way, or its come from a heat treat manual's "recommendation". I would have expected to hear them tell me that their reasoning was to add/improve the overall useability or functionality of the blade. I'm not being malicious here....just trying to make the point that unless you have a specific reason(s) for doing something to a blade, and its not related to increasing the performance/usability, then you need to think about why your doing it.
Both Carbon and Stainless steels have their places within the knife world.... and although I favor non-stainless steels, I don't really think a person can whole heartedly say that one is wrong or one is right.....but they are very different, and how an individual maker chooses to exploit the unique characteristics that each possess is what makes the difference between a knife, and an object that looks like a knife. My reasoning for using the steel types that I do, is that I cannot achieve the COMBINATION of characteristics that both I, and my clients, deem important in the finished product with stainless steels. When I do have a customer who simply demands stainless steel, I do my best to please them, but also make it very clear that I will not place a lifetime warranty on a stainless blade as I do all my non-stainless knives.