It depends on the edge too, the polished axe that John and Will had at the Moot this year wasn't sharp per se, but it would cut timber just fine. The edge was robust though. A flaked blade is incredibly sharp, some small flakes are being used for surgery as they are far superior to any steel blades used for the job. Obviously, this fine edge will deteriorate over time if cutting something very hard, but the beauty is that a professional knapper would be able to retouch that edge and get it good again. The downside again though is that the tool will eventuall be reduced dramatically in size as it is used and retouched. The upsode is you gain more practise making the next one!