For sailing, I'd definitely go with a folder that has a marlin-spike, especially if you sail with bozos that believe if you can't tie a good knot, tie lots of them. A pilers also helps undoing a stuck overhand knot. I haven't done much sailing since Leatherman's were invented, but I would think someone would make a multi-tool with a good blade, pliers, and spike.
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Benton