I feel the softer heat treatment kind of wastes the potential of the steel. Vanadium carbides are supposed to be more wear resistant, thus attempting to soften the steel in order to make it easy to sharpen seems besides the point when using something without vanadium carbides like CPM-154 would achieve the same effect without going through the trouble of specifically designing a brand new steel. I also think it's safe to say that wear resistance alone does not make for good edge holding.
Also, this is just my unprofessional opinion, but with a thin edge resulting from the hollow grind, I would think more hardness would be more important in order to make sure the edge doesn't roll easily with so little metal behind the edge. As well, I thought being thin behind the edge would make touching up and sharpening easy enough already.
(I apologize if you already know anything below; I wanted to spell it all out, so everyone's on the same page
.)
Unless I'm mistaken from the close-up pictures in the rope cutting video at around 10:15, it bent over in the middle of the sharpened part of the edge, not above the edge bevel. In that case there is no influence in thickness from the grind (or blade stock thickness for that matter). A 30*, say, edge on a knife with a saber grind and 5mm stock and a 30* edge on a thin hollow ground 2mm stock blade are going to be the same thickness along the edge bevel at the same distance from the peak of the edge. To be clear, in that example, supposing the edge on each goes up on both at least 1mm, then at .5mm from the very edge (or anything less than or equal to 1mm), both blades will have the same thickness.
Another way to put it is the thickness from one side of the edge bevel to the other is solely influenced by the edge angle, not blade stock or grind. It's only the part above the edge bevel whose thickness will be influenced by blade grind, and when comparing two knives, it will be at distances above the lowest of the two edge bevels where their thickness differs. (That is part of why Ankerson and others talk about the thickness
behind the edge and not lower.)
There are three possible cases when comparing any other knife to the Seb. First, they might both have equal-height edge bevels. Then, at the distance from the edge that CTS's edge bent, they are the same thickness. Given the above argument, the grind is not influential on the results in this case.
The second case is if the Seb's edge angle ends below the other's. That is what happens if the Seb's grind is thinner on the lower part of the blade, which is what you say is influencing the results. Here's a stupid mspaint picture to show this; I drew two hollow grinds--though type doesn't matter, only that one is thicker than the other--and an edge on them. You can see that the edge bevel on the thicker one goes higher up:
Note, however, that if that's the case, the bend occurred below the lowest of both edge bevels, so again they have the same thickness at the height of the bend on CTS's knife.
The third case if the the Seb's edge angle ends higher, but then, as we can see in the pic above, that means the Seb is actually thicker than the knife being compared to, which isn't part of your premise.
So, I don't think the grind of the Seb can be influencing CTS's results.
However, your point about the edge being too thin does carry weight. Obviously the thicker the angle, the thicker the steel at any distance away from the edge. It would be interesting to see how thick the edge angle needs to be to prevent rolling as bad as in the video.