Both are preferred. Personally, at my best (small tool wise) I was carrying two different multi tools, and two different knives. All of the above for their own reasons. Was this overkill? To some maybe, but I had my reasons. If finances weren't an issue, I would have had one multi-tool, two knives. But you get what you get. Especially when you're not paying. I had one multi tool for it's small snips, mainly. The other was for the needle nose pliers. If you can find a combo with both included, hell yeah. I've always been a person that holds on to some extra things, in hopes of giving them to others. Like socks, for example. But knives.. /other weapons I like to gift to female bodies travellers specifically that are lacking. Though, I carried two different knives because I'd use them for different things. I had one knife that I used as more of an axe/hammer. It was very thick, and sturdy. The other knife I had was slim, with a curved fine point- for gutting animals, and more meticulous tasks.