Trent, I am not an expert, but after reading some stuff on knife boards by some who appear to know what they are saying, Admiral does take some shortcuts with things like shearing steel off of plate rather than bandsawing, thus rounding edges, their steel content apparently varies from batch to batch significantly enough for many to mention it, and while that may not affect someone building knives for fun its enough to make me think twice.
I want anything I build for someone to last longer than they do- that means 50 bucks instead of 25 for a stick of steel might be the quality difference in edge-holding capability, strength, etc and I don't think when you are talking 5 dollars per blade difference its worth skimping.
Again, for hobby knife making, who's gonna care? If it breaks, you build another one and nobody cares.