Well as far as i can figure out with my research, Talonite is a Cobalt alloy consisting of only 3% Iron.
While asking questions I asked if Talonite was any relation to Stellite, I was told that the alloys were the same but the talonite was cold rolled and age hardened.
I have worked in the Stellite stuff before, back when you used to have to cut down turbine blades to get the stuff, or know somebody that builds oil drilling platforms in the oceans..
Stellite and Talonite, are hard facing alloys, used in circumstances where high heat and material stability are a key factor..
This stuff is hard, there is no heat treatment, it is just grind and go sorta material. Off hand I dont know about hardnes, but the peices I have worked before in the Stellite have been of average to low edge holding ability, some things it could cut all day, others just a couple of times.
On the good side, being only 3% Iron, this stuff will not rust, thats a good reason to build oil platform parts out of it. It also has no breakdown of hadness when heated, thus the use for turbine blades, so if you intend to abuse a blade, and you want something that wont rust and you can stir the ashes in the campfire with it, this is your stuff..
Hope I could help,I really hope this stuff doesnt come back into style, Its a pain to grind and really expensive..
Alan Folts