Ed- what’s your thoughts on the retained austenite? For small knives say under 8” and less than 3/16” thick is there any real issues?
IMO retained austenite can POSSIBLY cause "down the road" issues, and the "richer" the alloy, the more impact is will have as it relates to blades. Do a google search for "retained austenite".... you can find lots of good info on it.
AEBL at 61-62 performs great and is surprisingly easy to sharpen. Much easier in my experience than CPM154. That’s one reason I switched to AEBL. (cost was a big factor)
AEBL can develop a positively malevolent burr. In that regard, yes- it can seem impossible to sharpen until you learn how the burr acts and how to account for it because it is different than many other steels.
I agree with what you've said John...... and I don't have anything against AEB-L..... in fact at one time I was hoping to use it, for the same reason you mentioned (cost).
But between it's "target hardness" and past experiences with knife buyers, some of whom became clients, fussing about sharpening troubles, I decided against it. It's just a characteristic difference between most stainless steels, and most non-stainless steels..... just another one of those "trade offs" that I always mention.
I've had folks fuss to me about 154, 440, and most of the "designer" steels (CPM SXXV series was/is the absolute worst!) .... so I'm not picking on AEB-L. One could argue that with the higher hardness, a given steel/blade will hold and edge much longer..... but again, any blade that's used, will eventually need sharpening.
I have several kitchen knives that I've made of AEB-L...... and they work great, but they just don't "fit" with what my clients' want/have come to expect from me in the way of ease of sharpening. Personally, I think it's just a lack of education on sharpening in general. Heck, I wish I'd never made a knife of S30V..... EVERY year about August, I get a gob of them in the mail from clients who can't sharpen them....and want me to sharpen them, and get them back before hunting season.