I've only an X1, but an 11.5mm hss end mill i got cheap munches through mild steel just as well,& with as good a finish as the Hssco8 ones i have from same supplier.
I'd expect no difference in cut quality between hss & "cobalt" cutters from the same manufacturer.
"Cobalt" are capable of running a bit higher speed than hss,(more resistance to heat)~ at lower speeds there really shouldn't be any difference ?
"cobalt" are meant to be more wear resistant. I find with drills, cobalt can chip the cutting edge easier, but not noticed the same with endmills/slot drills.
Not managed to blunt it yet, so can't comment on relative longlivity.
HSS may be the poor cousin, but more than adequate a lot of the time for us hobbyists.