Is it mechanically a 100% replacement for traditional steel used in naval construction? I recall specialty alloys like Wotan steel being used in WW2 warships. P

Is it mechanically a 100% replacement for traditional steel used in naval construction? I recall specialty alloys like Wotan steel being used in WW2 warships. Perhaps such kinds of armor are not in vogue anymore, but corrosion resistance surely isn't the only requirement for naval construction, even if it's an important one. I'm not a metallurgist though, so I have no idea of all the implications of using stainless steel pervasively in naval construction.