Look, the main point of a 'preparedness' item is that first you have it on you when you need it.

I don't have the Wave but a LM is in my EDC. Nothing wrong with it. I find uses for it every day it seems. On Sunday I used the pliers while doing some work on my bathroom sink.

I would carry the Wave as a primary knife, if I had too. I believe in the maxim, "One is none, two is one." I have carried the SAK Champ on many one and two week back packing trips and I put the Wave up there with that.