Mike,
I saw a cool nodule Sunday with a horsetail fossil in it and the rock here in Missouri often has mollusk fossils as well. Since it formed here as inclusions in the limestone I guess that's bound to happen. The quality of local rock varies widely even within a "seam". I believe "chalk flint" from deep in the ground is the best for ease of knapping. But it's fine grain means that it must be sharp to make sparks. I think it's possible the grain of rougher chert can grab the steel of the frizzen even when a little dull. It is tough stuff to knap though. Sunday I found a tough piece that yielded flints I bet would be good for 200 shots in a good lock.
Cool. Yes, larger fossils are not rare in bedded cherts--and often well-preserved in detail in the silica. Bedded cherts differ in some ways from the nice English nodules in the chalks there--and are more variable in texture. Arkansas has enormous amounts of bedded cherts called novaculite that was used by natives for points and tools and still used for whetstones. Even in this "one formation" significant variation occurs in physical properties of the chert. But English nodules have less variation and only the 'best' [most usable] are knapped. Even s0 we have all seen variation in black flints--some are vitreous and black, others grainier and grey, etc.,, Some have nice tables, some have central peaks--that is they are "knapped" differently. The MO cherts I have from Rich are dense and nearly white. Novaculite can be white, black , red, gray, etc. The whetstone classes, "Hard", "Soft" and "Washita" reflect not hardness but porosity--which appears to the naked eye and "feel" as graininess. All are the same hardness [7]. Opal by the way is not as hard as chert--being noncrystaline.