I played a dwarf beserker with +++++ in axes so I'll tell you about them. In SOA there is two really good axes stonefire+3 bought in the copper coronot from Bernard when you've rescued the slaves and frostreaver another +3 axe found in the D'Arnise hold. In TOB the best axe is the Axe of unyeilding yet another +3 axe which gives you +1 AC this is found in level four of watchers keep on the body of Rock the minotar. This axe can be upgraded by the imp to a +5 vorpal weapon if you have the axe and balor's claw in TOB.
As for throwing axes in SOA the best is azuredge a +3 throwing axe bought from Bernard in the copper coronot if you free the slaves. This is only useable by good characters however. For evil characters the best throwing axe is found on the body of one of the thieves in the first mission for either Aran Linvail or Bodhi. Sorry I forget it's name.
EDIT: Oh and I forgot you might want to check out this site:
www.flatface.net/~itemsmart/
[ 12-15-2002, 05:30 PM: Message edited by: Zarr ]