Ken, I still don't have any personal experience with K294. It's their A11/10V equivalent, eh? For a folder It wouldn't matter, for a fixed blade I would use K390 for the extra toughness . It has more than enough wear resistance for me and any improvement K294 has would be probably only noticeable in Jim Ankerson type tests.You'd take K390 over K294, Joe?
I'm not saying I wouldn't like the steel but I doubt I would push it hard enough to really need any more performance than K390 has. Still, if I had tried K294 first I probably would be calling it's name.