Cobalt :
Wear resistance is a big factor IMO, unless you enjoy sharpening your tool after every use.
It depends on what you use the knife to cut, blunting can almost ignore wear resistance on a lot of materials and instead be dominated by hardness, impact toughness and ductility. This is usually the case for large chopping knives where resharpening is usually needed after mishaps. Wear resistance can be of benefit on utility knives which tend to cut more abrasive material.
Will CPM-3V make a quality large chopping knife, yes it would based on what I have seen of it, it has a high ductility and takes pretty severe impacts to fracture it on thin profiles. Here is a shot of a 3V blade (10 degree edge) used to attempt to cut a Cr-V screwdriver shank in half with the aid of a Estwing hammer :
http://www.physics.mun.ca/~sstamp/images/3v_edge_impact.jpg
The steel clearly fractured, but also took severe deformation before it did. This is also very thin for a tactical knife, if it was beefed up to a 15 degree edge, with a 0.025" thick primary leading bevel I would estimate *far* less damage, and would not bet against the damage being restrained to the edge grind.
My main points are simply that :
a) 3V is only considered *super* tough when compared to brittle steels, there are lots of cutlery steels that are just as tough or even more so and it is very rare to cause them to fail by direct fracture when heat treated directly. Here is a shot of an HI khukuri (5160, ~15 degree edge) after being chopped heavily into an iron chain :
http://www.physics.mun.ca/~sstamp/images/chain_ak.jpg
You can see the edge damage is mimimal on the khukuri, and only really visible towards the tip where they drop the hardness down significantly. Also check out Ray Kirk's 52100 blade after the heavy impacts on concrete :
http://www.physics.mun.ca/~sstamp/images/rk_bowie_light_concrete_chop.jpg
It is difficult to even see where the edge impacted and this was on a fine edged bowie. Note Ray leaves the edge significantly under 60 HRC to get a higher level of toughness and ductility.
b) wear resistance can often be of no benefit on a large chopping blade and can in fact be a detriment by increasing sharpening times after heavy accidently impacts
... neither will A-2, L-6,
These steels are not even in the same clas, L6 has 4 times the notch toughness of A2 and is *much* more ductile (See Bryson for example). A2 is only considered a tough steel by those that use *very* brittle steels like the pseudo-stainless cutlery grades of ATS-34 and company.
-Cliff