I like that blade an sheath combo. Though, mine wouldn't have a survival kit in front. It would have a good SAK (like an Alox soldier), a small DMT sharpening stone, and a firesteel/ferro-rod or two.

That way I've got a fixed blade, my multi-use folder, a sharpening stone, and a way to make fire (basically my most important things) all in one package. That way, I could just grab it and go, knowing where everything is.

The only bad thing with that is, if you loose it, you loose everything. So I would probably end up carrying another knife and maybe a Bic or ferro-rod on my person somewhere.