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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.

Thanks HD. You all have been incredibly helpful since I found the forum. I'm excited to finally get a SY.