4140 HT at RC30 is perfect, not harder than a good chucks socket and will last forever. No heat treat necessary and still easy to machine. I made a few keys for my D1-3 and Cushman chucks out of mystery metal, probably 1018 or something. They didn’t last long. Square drives twisted. The 4140 ones look like new after 5 years
4140 ht and stress proof are my go to for stuff I don’t want to heat treat and 12L14 for detailed little bits, screws and such. High carbon steel has interesting use too, also turns nice. I pretty much reserve tool steels for stuff that I send for heat treat. It’s just so expensive.