Well, is it likely that you could lose your knife?
If your answer is yes: Add a (small) knife.
If it isn't: save the space by using a scalpel blade and then I could add other equipment.
I prefer the last one: I carry a knife on my keychain and a multitool on my belt (secured with pouch and gearkeeper)
It's, once again a personal choice and preference.
I'm respecting your opinion, please respect mine.
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''It's time for Plan B...'' ''We have a Plan B?'' ''No, but it's time for one.'' -Stargate SG-1