From time immemorial, I have carried a multitool or its predecessor, the SAK, as EDC. When I knew I was faced with a task that required "real" tools, I carried them. Tool-kits-on-a-knife are great when you inadvertently run into a situation that requires a screw to be tightened, or a widget adjusted. Then it saves time and steps. But if you are going to be wrenching for a long time, get the real McCoy.
Frankly, I don't feel I am fully functional without my MT handy. Of course there are days when I never used it, but there are also plenty of times when it really comes in handy. Like so many things we discuss, it all depends on the specific situation and circumstances
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Geezer in Chief