I've had several knives in 440a, including a Buck Scholar and a Schrade Trail Boss. I had not trouble with the the Buck's steel taking and holding an edge, up to and including some impromptu processing of tough skinned game. It stayed razor sharp throughout. The Schrade gets ridiculously sharp, but I've never really tested it's edge-holding; not that I care, because in the field, I'd rather have something I can put an edge back on than something I need to stay sharp a week at a time. In any case the Schrade was more than up to field dressing a deer and served to cut through ribs without damaging the blade or appreciably dulling. In short, there are "better" steels than 440a, but it is very corrosion resistant, takes an edge easily, and holds it well enough for a weekend adventure.
In part, that's because of decent/good heat treatment, but I don't go in for the criticism of non-super steels. Yes, we are blessed with a variety of choices, but 440c was damn good steel 30 years ago and it still is. I've had knives of ATS 34, CPM S30V, 1095 (and a few other common carbon steels), Carbon V, Case CV, 440c, 440a, 425HC, AUS8, VG10, and a few others. Properly heat treated and with proper geometries, they all got sharp enough to do anything I asked of them and then some. Many were far easier to sharpen than others, and I personally prefer softer steel to harder steel for ease of resharpening in the field. Some required a fair amount of maintenance in the field to prevent corrosion, especially on canoe trips or in the event of foul weather.
None of this should be read as an implicit criticism of the Mora, which is an excellent knife that has earned its popularity. If you are going to baton, get a knife on the softer side to discourage chipping the blade or breaking it, for instance not S30V, in my experience. Again, the Mora should excel here and the Scandi grind is easy to retouch. Need I mention that, in my experience (as a non-metallurgist), the Mora is hardened to about 58 rh, just like most 440a and 440c?
Anyone who knows more about this can feel free to correct me.