As for small multi-tools not having decent pliers, check out the new   
Leatherman Squirt E4.  One of the smallest in the Leatherman line and the pliers while small are of a design that works in a small size -- electrical pliers: wire strippers, cutters and a needlenose tip.  That will work in a small format and the Squirt is small enough to go in my   
Mission Wallet.   
 
  
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Better is the Enemy of Good Enough.  
Okay, what’s your point??