For me, some of yesterday was spent helping a new friend figure out why he was having trouble with some of his planes. One of the problems seemed to be increased by a premium (IBC) blade. The blade and chip breaker are both about 1/8" thick. The sole on the #5 plane was slightly concave end to end. The IBC blade seemed to actually make this worse than a Hock iron and chip breaker. The Hock is made of O1 and my recollection is the IBC is made of A2. In this case the composition of the steel was likely not as much a factor as the thickness of the blades and cap irons. Another problem is the IBC chip breaker couldn't be set close to the edge without making adjustment impossible.
Some of the original blades on his planes were in pretty bad shape. If one is using a plane for smoothing, a few pits on the edge is all it takes to make the work unsatisfactory. A plane being used as a scrub or even a jointer may not have as much of a problem with a few pits along the edge. Of course if a new blade can be afforded then considering replacement is only natural. Sometimes bringing an old blade back into use isn't as practical as buying a new blade.
Then comes a thought about a question posed in the post starting this thread:
A bonus question, do you use different steels for different planes? Again, I'm wondering if O1 might be better for a smoother for light cuts and an air-hardened steel for jacks taking more stock per pass.
My low angle bevel up jack plane has an A2 blade and is used primarily for shooting. When first starting with this blade it seemed a bit 'chippy' in use. Now after a few years and 2 or 3 times of regrinding the bevel it seems to be less likely to chip in use. As this blade is much thicker than most of my blades, it is a bit tricky to hone it by hand. One of my #60 (-1/2) type planes has an A2 blade. The funny thing in this case is the LN plane and blade are quite a bit heavier than my other #60 type planes. Often the lighter planes get grabbed first for most work. If something is getting a finish cut, the LN plane is chosen since I know the blade is likely to still be sharp from the last time it was used. As a caveat, my right hand has an old injury that makes it difficult for me to apply a lot of pressure to properly hold a block plane. In my case a lighter plane is easier to handle. A heavier block plane may be a better choice for others.
In summation the A2 blades are great for their ability to hold an edge doing a demanding job, but they can be a bit more work to put back to work once they need honing. My O1 Hock blades take a very good edge and tend to be easier to get back to work once they become worn. There always seems to be a trade off between longevity of an edge and the ease with which it can be maintained. O1 steel can be worked easily on my oil stones. My A1 blades need to get sharpened before the freezing weather has my water stones out of commission for the winter.
jtk
"A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty."
- Sir Winston Churchill (1874-1965)