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.
I haven’t actually used any of the new style SAKs, I’m sure they’re just fine though, I’ve never been burned by a Victorian product and I agree they’re probably the best pocket tools (I do personally tend to prefer Leatherman tools, but I consider them more of a belt tool so apples and oranges.)