This is a great question and one that I am very curious about as well. I do not have any direct experiance with stainless damascus so I have little to offer. But I tried to organize my thoughts a little:
One, for the steel to be 'stainless' it must by definition have a greater than 12% free chromium in the alloy. I do not generally prefer high chromium steels to low chromium steels. The high chromium content produces different types of carbide crystal formation and significantly changes the mechanical properties of the material at very small scales (the edge of the blade)
Two, most makers whose opinions I trust say that a Good pattern welded blade will be at Best, only as good as the harder of the two steels used in its making. It is quite possible during welding to introduce significant flaws (poor welds, scale inclusions, and the like).
Hypothesis: a stainless pattern welded (damascus) blade should At Best have the properties of the best steel used in its making. What are the attributes and limitations of those steels?
The working properties of any blade are determined during the heat treating steps (annealing, normalizing, hardening, and tempering).
This is already an Art, part science, part craft and intuition. To the extent that stainless steels are heat-treated in a very different manner from carbon steels, and that pattern welding may introduce significant changes to the 'optimal' heat treatment, are these blades inferior performers?
Stainless steels are reputed to be more difficult to forge. Few smiths forge stainless steels. I don't know if this is because of a lack of technical skills, or that the resulting material is not worth the trouble of making and results in a poor blade material.
I have no idea what the answer really is. Stainless damascus is produced by only a few smiths (Mike Norris, Devin Thomas, and at least one factory in Sweden). I am very interested in a stainless damascus gents folder. I would really like a stainless blade so that I can use the knife to open oranges, and other fruits which have a tendency to discolor carbon steel damascus. But would I be buying only a collectors piece whose blade steel is not a good performer?
Anybody used a stainless damascus piece really hard? Or performed any sort of destructive testing? This is a great question. I hope someone has some direct experience or knowledge about this important question.
Paracelsus
[This message has been edited by Paracelsus (edited 08-13-2000).]