MuMetal appears to be the industry standard for magnetic shielding as found in hard drives. It works well. According to wikipedia however, metglas has a much higher magnetic permeability with permiability of 1,000,000 vs 20,000 - 50,000 for MuMetal. https://en.wikipedia.org/wiki/Permeability_(electromagnetism) I may be overly naive (which I probably am) , but wouldn't this suggest that you would be able to have a much thinner shield with Metglas?
On the Metglas website they don't sound like they are playing it up very much.
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"Generally speaking our METGLAS 2714A alloy is better than Mumetal."
The saturation only seems to be .57 Tesla but still with permiability of 1,000,000 that has to count for something?