I EDC one or the other, not both. I have LM and Gerber Multi-pliers, and a variety of SAK's and other folding utility knives. I have found over the years that I seldom use the blade, but regularly use the other tools. So when I carry the LM or Gerber I leave the pocketknife at home. When I carry the pocketknife, usually to a "function" where I won't need the LM, I leave the multi-tool at home.
One or the other, but don't leave home without at least one of them.
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"Most men take the straight and narrow. A few take the road less traveled. I chose to cut through the woods." ~Unknown~