The more I look at alternatives, the more I realize, nothing can give you this much functionality in this small a package, while being so high quality and reasonably priced. Popular (machine-assembled) versions regularly go for $25.
The one caveat is that it falls behind modern knives in terms of safety and ease for opening/closing. I'd love to see a next-gen SAK without nail nicks.
Depends on your use case, I carried one for years, and found it limited.
Switched to a Leatherman Skeletool and used it far more often, one of the major advantages is one hand knife opening (without a spring). If I’m holding something that needs to be cut, it’s often inconvenient to have to put it down to get out a blade.
Best part is that it’s really not noticeably bigger than a swiss army knife.
These days I carry a belt pouch with a Leatherman Signal, but if I’m going somewhere that a belt pouch would be weird, I have a Skeletool in my pocket.