...I am trying to get my head around the different quality ratings for knife blades. ... from the very best at the top working down to basic stainless steel or suchlike. This will help me to determine the best quality blades when choosing a new knife.
People use the term "quality" to mean different things. Manufacturers use it to mean "it's what we say it is". Quality control is about making sure that what a manufacturer makes is what they intended to make, and that it reaches the customer in the condition in which it was supposed to reach him. You might have a very high quality tool that is totally unsuited to the task. That doesn't make it a poorer quality tool, that makes it a bad choice for that application.
Th Zknives site has already been mentioned but there wasn't a direct link to this particular page:
http://www.zknives.com/knives/articles/knifesteelfaq.shtml
It's worth looking at if you haven't seen it already. It makes my head spin.
It should be obvious by now that there isn't a "best quality" blade steel which you only buy if you can afford it and which will be the answer no matter what the question is. There are different steels for different tasks, for example if you're diving in the Red Sea you won't choose a knife that's made of O1. My wife's diving knife is about as sharp as me but it's a lot less rusty.
And it doesn't end there, because things like heat treatment can be just as important as the material that you start out with. Then you have shape, grind etc. which can mean the choice becomes very difficult and you'll probably just end up getting one that you like the look of. Then another. And another...
If I were buying a stainless blade, personally I'd be looking at the more modern steels. Technology seems to have moved them on quite a way in the last decade or so. Steels which aren't considered stainless don't seem to be getting quite so much attention, so if you won't be worried by rust (either because you won't be letting the blade sit around wet or because you don't mind doing a bit more work to maintain it) then there are a few stalwarts like O1 (or one of its dozen or so other names) that will give you very good service. You can make a serviceable knife from an old industrial hacksaw blade. There's been one in my tool box for about 40 years. There are guys here who would probably laugh out loud if they saw it, but it will easily cut through a steel coat hanger without being damaged, I don't care how much it gets scratched by the other tools in the box, and it's always there when I need it.
I wouldn't dream of putting something that cost a few hundred pounds in there to replace it -- most likely it wouldn't be up to the job anyway.