Here are a few large wilderness blades :
http://www.physics.mun.ca/~sstamp/images/al_bolo_bm_pab_ak_side.jpg
First, is a 18" HI Ang Khola khukuri. This is the optimal profile for heavy wood work, felling and bucking wood. The drawback is that the wrist fatigue is high for light work, greatest of all the blades.
Second is a bolo owned by Andrew Lynch. This is the finest light duty wilderness blade I have ever handled. It excels at light vegetation, and is a simply excellent all around brush cleaning and limbing blade. It is one of the very few blades that I have had a chance to look at that I would actually want to keep. However, it does not do as well as the khukuri in felling and bucking wood suffering from a more neutral balance and a curvature that is not suited for large contact areas. The blade profile will glance if you are not careful, does bind easier than the khukuri and has about a 25% lower raw performance on small wood ~3" or so. The performance dip increases as the wood gets larger.
Last is a SHBM from Busse Combat. It fits right inbetween the first two knives. It is outperformed by both in their best classes, however it out chops the bolo on heavy work, and out classes the khukuri on light work. Its strength is its versatility, it is a great blade if you are doing a combination of light and heavy work. It is also by far the easiest blade to use for regular fine cutting work.
[The PAB (third blade from the top) suffers from too great a binding on large wood, and is too much knife for smaller brush. That profile with a full convex dual grind would be a strong performer though. Full flat grind would be interesting, however wedging could again be a problem.]
The point of the above is simply that the "best" blade depends on the vegetation it will be used on. The more heavy wood work, the more you will slant towards a khukuri (and then an axe if you go far enough), and the more really light vegetation, the more you will go towards a straight back machete.
It is the combinations of the profiles to try and make a blade that has the abilities that you want (enviroment dictated) that I find interesting. This was a custom I had made awhile ago to try to reduce some of the problems I had with Andrew's blade, basically try to merge it a bit more with a bowie :
http://www.physics.mun.ca/~sstamp/images/parrell_parang_side.jpg
I am still undecided about it, just have not done enough work with it yet.
In regards to digging with khukuris, they are commonly used as farm tools in nepal. You dig with them as you would a pick. Fine point work is problematic though, as the point is not inline with the handle, and the knives are really blade heavy.
-Cliff