Here's a question:
If a cheap (most likely) Chinese-made steel file can sharpen the steel of a broadhead, what does that say about the broadhead's steel quality and head treatment?
It tells me that the broadhead's steel and heat treatment is far worse than even the crappy steel of the Chinese file. If a broadhead's steel and heat treatment are anywhere near that of the file, then the file would skate off the broadhead's edge without really cutting or biting into the broadhead.
The larger the animal, and the more expensive the hunt, the more I want the odds stacked in my favor to increase my odds of a kill. I want this because thick elk/moose hides and bigger bones increase the energy needed for penetration and cutting far more than one would think.
What I look for is a cut on contact broadhead made of excellent quality steel, with a real heat treatment where the point and the cutting edges remain fully intact and sharp while passing through fur, mud, hide and bone. For elk/moose, etc I'll pay the extra money for a broadhead made by a company that cares about quality and delivers broadheads made of top quality steel with real heat treatment and edges that are mirror sharp.
So many broadheads are made of cheap-ass, crappy steel with crappy (if any) real heat treatment. It seems all the manufacturers really care about is having a cool, bad-ass sounding broadhead name and slick packaging. Cheap, poor broadheads are probably not as much of an issue on whitetail with thin hides and skinny ribs. On the farm I manage, I can walk out of my car and hunt. My treestand shots are under 40yds and typically much closer. I am less worried about my broadhead. But I won't risk it for longer, open-country shots on larger animals or any sort of a draw hunt, backcountry hunt or a trophy animal where the cost, effort, draw odds/points all steer me in the direction of minimizing risk and maximizing my odds.
Poor steel that is poorly heat treated steel = a tip or edge bending, rolling or breaking off from bone contact. Once that happens, it severely limits further penetration and cutting and recovery odds.
As to edge quality- the sharper the edge, the easier the broadhead will penetrate. Period. If an edge will shave hair, its sharp enough. If not, then that extra inch or two or more of lost penetration vs mirror edge might make the difference between recovery and tag-soup.
YMMV
JL