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...How does the 154CM stack up against the SR77?

Different type steel altogether. SR77 is a shock steel, able to withstand lots of shock and lateral force on the blade. The 154CM is a premium stainless, often used in folders. It has superior edge holding and corrosion resistance to SR77, but not quite as tough. 154CM is a very good steel for this type of knife.
Dan posted some pics of abuse testing Busse's 154CM, and it is plenty tough enough.


Horned, dangerous, and off my medication.