Chrome Vanadium doesn't really tell us (or you) what the steel is – just 2 of the alloying elements it contains. I have seen those words on a lot of spanners over the years – though I have no idea why spanner manufacturers should go to the expense of adding the letters to the forging dies.
Assuming there are no particular chemical issues relating to the environment of use, select on strength of the steel for the required duty (on BS steels the 'condition' letter tells you the strength). Don't worry too much about composition of the steel.
Where there will be sliding or rubbing against another steel component, ensure a strength (hardness) difference between parts to reduce scuffing/galling.
For safety critical items (pressure vessels, lifting equipment – possibly couplings) the toughness of the steel is also important in avoiding fatigue failures. Toughness generally reduces as strength increases, so stronger is not always better – a balance is required.
BTW EN24 is a Nickel Chrome Molybdenum steel having about 0.4% Carbon (also contains Silicon and Manganese) .