Yeah.
That's why I did some battoning to give me an idea of what was better.(that I would likely be carrying on me) With a full sized knife the advantage would go to the knife but my usual woods knife is a Fallkniven WM-1. The blade might be 3 inches long, so is not an easy knife to baton with. The saw was a lot faster.
Now If I had my F1 I bet I could have smacked that tree down in no time at all. That knife only goes out when I hunt large game however.
Nice strait cuts look nice but offer no real advantage in any situation I am likely to find myself in.
For making fire wood I suppose breaking it by hand/foot is easier than the knife and saw combined realistically, especially with good sturdy gloves.
Still, it's so small I believe it may be worth having one in certain places.