Two steels are being considered for manufacture

Two steels are being considered for manufacture of as-forged connecting rods. One is AISI 4340 Cr-Mo-Ni steel capable of being heat-treated to a tensile strength of 260 kpsi. The other is a plain carbon steel AISI 1040 with an attainable Sut of 113 kpsi. If each rod is to have a size giving an equivalent diameter de of 0.75 in, is there any advantage to using the alloy steel for this fatigue application?
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