I used to carry my LM Wave out in the woods but don't anymore due to it's weight and it was inconvenient to carry on my belt when using a backpack hipbelt. The saw was handy but I never used anything other tools. My Vic SAK has a saw that is just as effective (although the SAK's saw doesn't lock). The SAK and my machete are all I take anymore for most trips under three days unless I specifically plan to do something requiring a different knife, like hunting or fishing.
-Blast