A really great discussion on sharpening and carbon tool steel vs HSS.
But (there is always a but) when doing comparisons we always need to be clear about the items being compared. There are many “types” of carbon tool steels and many more types of HSS. The “original” HSSs now known as T-1 and T-2 were 18%W 4%Cr 1% Vanadium and 14%W 4% Cr and 2% Vanadium respectively. In 1921 the addition of 12% Cobalt to T-2 gave us T-6 the first Super HSS. Ellwood Haynes invented Stellite in 1922 and the needs of war production saw these cast alloy cutting tools made from W, Cr and Cobalt developed from 1939.
However, the tensile strength of the material to be cut is one of the most important factors to be considered when making a choice of the best type of cutting tool material. It largely determines the degree of cold hardness, red hardness, and toughness required to machine the part efficiently. We can divide material into low tensile and high tensile but the dividing line comes at a tensile strength of about 40,000 lbs/sq.in the approximate point where cold hardness gives way to red hardness and toughness as the most important quality that a tool should have.
John