
A very exciting card. This fills a long-time void in the Guardian class. Ever since the game was released, the best Guardian builds have revolved around Machete (excepting certain late-campaign, XP-intensive, two-handed weapon builds). But if Guardians have a Machete in one hand, what are they supposed to do with their other hand? They could hold another weapon like the .45 Automatic, but that's (mostly) redundant with Machete. They could hold some investigatory asset like Flashlight or (for Roland) Magnifying Glass, but for a multiplayer Guardian who just wants to blow stuff up, that's not a satisfying answer.
Dunwich and Carcosa provided our first two "off-hand" Guardian weapons with Blackjack and Trench Knife, respectively. Unfortunately, both of these cards are terrible. So for three whole campaigns, Guardians had no good options in the secondary weapon department.
But now, Survival Knife is here. And it's a wonderful complement to Machete. It provides a very powerful new ability and lets you do something Machete can't. A free +1 damage attack with a generous to-hit bonus is not to be underestimated. I'd say you only need to trigger the Knife a couple of times a game for it to justify its cost.
Survival Knife is also a good complement to the .32 Colt, if that's more your style. With this setup, the Knife will even be helpful in the player phase, because it's better than the Colt at dealing the last point of damage to odd-health enemies.
Whether Survival Knife can cut it as a primary weapon is another question. I kind of doubt it, as I think you will just struggle too much against enemies with 4+ health.
Survival Knife synergizes with other Guardian cards that encourage you to take attacks, e.g. Guard Dog. But I don't think such cards are needed for Survival Knife to be good. One problem with any Guardian build that plans on swallowing a bunch of attacks is that most enemies deal horror, and Guardians have no in-faction, cost-effective horror soak right now. Hopefully, the Guardians will get some help in that department sooner or later. That will make all these Guardian cards that revolve around taking attacks, Survival Knife included, that much better.