Ooooooo this one is tough! I’ve had both and love them both. As others will state, it’s going to depend on you but in a real quick pros and cons, I’ll try:
Blurple PM2:
PM2s are outstanding best seller knives, and the s110v is one of the superstars of the PM2 lineup, being that it is a super steel that is regularly produced and readily available.
Pros:
Fantastic slicer
Blade shape great for piercing and fine work
Jimping on top and bottom allows for added control when needed
The edge retention on an S110V blade will probably allow you to watch the seasons change without a sharpening.
Cost is low considering what you’re getting
Cons:
Tough to sharpen s110v. You will absolutely need to buy diamond stones or send it in to HQ.
Tip could be seen as delicate, it comes to a fine point
S110V chips if you do any sort of twisting cuts on things like zip ties. Not huge chips, but you’ll get microchips.
Now for the 940-1:
A great lightweight EDC knife, and arguably the best of the 940 lineup.
Pros:
Carbon fiber really helps reduce weight
S90V is second only to s110v on edge retention.
Slim profile allows for ease in carry, you’ll be able to put other things in the pocket.
Blade shape is strong for piercing tasks
Cons:
Tough to sharpen, I would recommend diamonds for this steel too.
Blade shape is not the best slicer. It cuts fine, but not as great as PM2 at the “slicing” aspects.
Carbon fiber will not handle lateral stress as well as the aluminum option, so that’s a trade off for weight reduction.
Cost is significantly higher than blurple Pm2 at retail.
In conclusion, you won’t be disappointed with either... but if you ask me it’s the blurple PM2. It’s more of a “do it all” option IMHO.