I don't like a lot of stuff on my keyring. It's very possible I will end up with a neck carry that I'll wear infrequently rather than EDC. But it's something that I could wear whenever required and because of the gate latch, everything can be removed as not needed. I can wear the compass by itself without a problem and that's the primary item.
I may add the other items on a split ring, so I can take the ring off and drop it into my pocket -- modular. That concept would allow me to up the size of some items (standard Ti Peanut lighter and larger capsule) with the idea of putting it on quickly and then moving some items to my pocket later. Being modular it can stay a work in progress.