Yeah, I'd do what Pete said and personalize your kit.
Second, I wouldn't give up that compass! Really. Half the things in the PSP you can get pretty easy around the house anyway (twine, duct tape, needles, thread, etc).
Random off topic here, but I wonder if there'd be any interest in a community "pool" of equipment? You know, as we upgrade our stuff, the left-over comes in, so newbies/minors can start their own kit.