Yes, they are reasonably hard steel,. especially the two riding points, but likely to be much better on a Starrett than on a cheapo. That's why they cost more.
Yes, uneven wear of the points will send the angle out of true. But as I mentioned, you can true this up yourself.
If you have three squares and they all match (as in Custard's picture but also with a match of in this case the big and small), when on a flat surface such as a saw or planer table, then that is a sufficient test for accuracy. Technically, a single pair match doesn't quite do it, as each could be off by an equal but opposite amount. But then they cannot each match with a third square. So buy squares in threes!
Yes, uneven wear of the points will send the angle out of true. But as I mentioned, you can true this up yourself.
If you have three squares and they all match (as in Custard's picture but also with a match of in this case the big and small), when on a flat surface such as a saw or planer table, then that is a sufficient test for accuracy. Technically, a single pair match doesn't quite do it, as each could be off by an equal but opposite amount. But then they cannot each match with a third square. So buy squares in threes!