I'm going join those who've asked why both the Wave and the Clutch? I'm not as familiar with the Gerbers, so maybe I'm just unaware of a feature on it.

Also, why the book matches along with the ones in the case? If you want redundancy in fire making, put the mag block and matches in one case, and the lighter in the other.

Button compass, sparklight, maybe a better whistle? For about 35, 40 bucks including shipping? Depending on where you are, you might even be able to find the Pocket Survival Kit locally to you. You might not need the other components, but they won't hurt to have either. With what you have, I'd almost suggest the PSP in your pocket with one of your multitools, then this on your LBE.

Any good yardage store will sell a nice needle repair set with everything from fine sewing to curved, and small awls for heavy materials. You can never have enough safety pins. You need some manner of water container such as Doug's suggestion nursing units. Duct tape is cheap and easily stored.

What kind of "space blanket" is that?

Because the saw and the main blade are better than the one's on the Wave. And that is saying something.