Studies of the development of deformations and damage in 16AT alloy specimens with side notches, which modeled cracks in objects, were performed by combining the acoustic emission, surface deformation mapping, and strain gauging methods. It was shown that a significant portion of the loading time is associated with crack propagation, which is accompanied by the appearance of a segment with a negative value of the strain strengthening coefficient in loading diagrams. According to the data from the correlation of digital images at the plastic deformation stage (within stage 2), two substages were distinguished: the first is related to the deformation localization directly at the notch apex, while the second is associated with an increase in the area of this region to dimensions that are comparable with the specimen cross section. It was revealed that, in the case of a significantly localized deformation, the staging based approach to the analysis of deformation and fracturing processes is characterized by the better correlation between data that are recorded by different in situ methods.