Most of the krenov style planes I've seen have less than an inch of iron exposed so that it can be tapped by a hammer and laterally adjusted (maybe that's the way a lot of people are building them, and not how they're supposed to be).
None of us will probably use up much of anything, we're "gentlemen woodworkers" and even at that, there are few professionals who use a hand plane for probably even an hour a day.
If I were in a boat where I'd rather build projects than planes, I would skip building any. A properly set bailey or bailey style plane will plane with just about anything in tough wood (it will certainly plane anything grown in the US easily) without giving up the finish that higher angle plane can't give (and I can buy - and have bought - everything except for the jointer for less than the price of a premium iron).
What I can't figure out is why all of the literature thrown at us does so little to describe how to properly set a bailey plane to eliminate tearout on anything regardless of the wood and regardless of planing direction.