The M7 is based on the M3 fighting knife, and the blades on those things will sharpen up to one helluva scary sharp edge if you know what you're doing. I had one that I modified into an M1918 Trench Knife in Iraq, by cutting the latch off, welding a 1/4x20 bolt onto the tang and then installed it into the brass knuckle handle. It was entirely useless, but it was fun project and the Iraqis did not like it one. fucking. bit. Couldn't get it home because of Customs, so I gave it to a buddy of mine who was rotating in as we were leaving. As far as I know, that knife is still floating around in Iraq.
I made another one when I got home, just for something to do. Made it out of a bayonet that had seen WAY better days, but it cleaned up nice in the bead blast cabinet, and I parkerized it after doing the tang modification. I finished the brass knucks in Brownell's AlumaHyde black, and the scabbard in OD green. think it turned out okay.
I have three M7s that I picked up for cheap when they were first surplused out, and they're all in great shape. I was going to make trench knife clones out of them, but they're in too good a shape to mess with so I'm a'keepin 'em.
The M9 bayonet is the worst knife I have ever picked up. It's basically just a metal bar with a very poor edge on it and a worthless "sawback" on the spine that doesn't appear to be functional in any way, except maybe as an ersatz cheese grater. The sheath is too big and busy to be comfortable for carry, and that's why nobody in my old unit wanted them when S4 tried to issue them out. I'm a helluva knife sharpener, but the only way I can think of the get a working edge on one of these things is to re-grind it and start over. I have one of the Buck/Phrobis copies, and it's in near-new condition, because I wouldn't think of taking this thang to the field when I could have a Spyderco Temperance that does ten times the work at one tenth the weight and bulk.
The Marine Corps bayonet is a little better, but it's more of a bowie style fighter than a field knife, and let's face it, most military knives will only be used for a limited number of things, such as opening MREs, cutting poles for field expedient shelter, digging holes or other such stuff. Going all stabby is so low on the list of possibilities that it's more sensible to carry a good pocket knife or small fixed blade for actual use.
The best bayonet I have is the Zero Tolerance/Strider bayonet, but while the blade is super sharp and seems to be made to handle whatever the world can throw at it, this sucker is so heavy in the ass end that you could use it as a boat anchor. It's very well made, and it was sharp as all get out when I got it, but you'd have to want to cut something real bad to be willing to carry this hoss all over the place. It would be neat if they made a plain pommel and ringless guard for it, to convert it to a plain old field knife, as well as maybe modifying the tang to lighten it a bit.