I'm not a steel geek and a lot of the info went and still remains over my head but I appreciate the amount of effort that went into this study.
Not to oversimplify the results but, as a layman, this is what I get out of the report, based on the main chart, which compares edge retention (total cards cut - TCC) vs hardness;
The steels with the greatest edge retention ability (that I am most familiar with as a knife collector/buyer), grouped in order from high to low, are:
1) S90V (about 775 TCC) and 10V (which varied from about 725-800 TCC based on hardness from about 59-65)
2) K390/S110V/ZDP189 (about 725 TCC)
3) 204P=M390/20CV (about 625 TCC)
4) S30V (which varied from about 575-625 TCC based on hardness from about 59-64.5)
5) M4/Elmax/S45VN (about 575 TCC)
6) S35VN/Cruwear/CPM4V (about 525 TCC)
7) D2/CPM154/VG10 (about 475 TCC)
8) 440C/14C28N (about 425 TCC); 440C actually varied from about 400-450 TCC based on hardness from about 56-62.
9) LC200N (about 375 TCC)
10) O1 (only about 275 TCC)
What surprised me (just as a knife but not steel geek) was:
1) How much better S90V did than K390/S110V/ZDP189 and M390/20V.
2) How well S30V did and how important the heat treatment was to its performance; still below the "premium steels above" but not far behind for a steel that is often overlooked/maligned (based on what I've read).
3) The fact that M4/Elmax/S45VN did not outperform S30V, even at its lowest hardness level.
4) How poorly LC200N did when compared to the other steels; it obviously it gives up a great deal in edge retention in lieu of corrosion resistance.
What didn't surprise me was how poorly (relatively speaking) that D2/CPM154/VG10/440C and O1 did in the testing. Fortunately, they usually come w/lower priced knives and are easy to sharpened by hand; not so the harder premium steels.
I guess it also shouldn't be a surprise that the degree of edge retention varied directly w/the hardness of the steel but unfortunately the degree of hardness of the steel used in knives often is not provided to potential buyers but, when it is, obviously the hard steel would be preferred, whenever edge retention of the knife is considered important.
This study won't change (all that much) how much importance I place on the steel used when deciding to buy a knife (because as a collector I don't use most of my knives) BUT, where there is a choice to be made, the obvious choice will be to pick the one w/the steel w/better edge retention, especially if it is less expensive than one made w/highly touted/more expensive but yet poorer performing steel.
In this sense, S30V comes out the winner to me for a relatively low cost common steel, especially if you can find it at the highest level of hardness (around 64.5) with an equal edge retention results (about 624 TCC) as compared with M390/20CV, which is also quite surprising and nice to know since I own so many ZTs/Spydercos and other knives that use S30V.
Thanks for this report!