Thats exactly it. You don't need higher complexity steels to cut well. Thats one of several big revelations I discovered through knifemaking. If you have a steel that wont fall apart when run thin behind the edge, and it allows you to finish your work easily, and it's corrosion resistant enough (if thats something you value) then using things like CPM steels starts becoming redundant... The cost of R&D as well as the waste created due to high complexity steels often being a PiTA to work with (tendencies toward warpage, excessive abrasive wear, sensitive to heat treat protocol) all gets passed to the consumer.
I'm not saying that everyone should trashbin their supersteels, but Im trying to explain why I dont want brands like Victorinox to jump in on the hype with their regular lineup. Their prices are still reasonable because they have their processes dialed in, and as expensive as knives are there needs to be something for the rest of us who just want to have a consistent knife we can literally get anywhere, and not have to obsess about things like special sharpening kit, blade chips from hitting a staple, losing it, etc etc. Theres other budget friendly brands, but not many are as consistently good as what Victorinix has been doing for a very long time. I'd also rather support Switzerland than China right now with my budget blade purchases.