The bahcos are pretty high in chromium, which makes them a bit more wear resistant. They run a bit harder than victory too.
The old steel straightens the edge thing is a bit of a wives tale at this point, a steel can straighten the edge, but rolled edges arent actually that common, and usually they are just broken off rather than pushed back to center anyway.
A steel sharpens like any other hone, by removing a small amount of steel to reset the apex. Steels are just the least aggressive, especially the smooth ones. For maximum effectiveness A hone should be used at a slightly higher angle than the normal edge to create a micro bevel and reset edge geometry. This will take the least amount of time and work to bring the knife back to sharp again
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