I am fortunate to have both our waterjet guy and laserguy within 5 minutes of where I work. The waterjet is more expensive, by quite a bit. The laser guy doesn't like cutting high carbon steels, because the carbon content causes excessive burning of metal while its being cut. This causes a larger heat affected zone then lower carbon steels. Also, the thicker the material, the larger the heat affected zone. Now high carbon stainless he says cuts much better, due to the chromium content... for reasons I'm sure he could explain better then I could. All this being said, when laser cutting the HAZ is much less then most would think. The laser gets through the metal fast enough to cause minimum heating of the surrounding area. It may be too hot to touch, but not hot enough to cause a change in the metallurgy much more then .010"-.020" on 1/8" material, and maybe a slight bit more on 1/4" material.