I really don't care for a pliers-based multitool having a knife. If it was a choice, I would prefer something like the Leatherman Surge's replaceable blades (wood saw, metal saw, file). If they do have a blade, give me something I can abuse like the Leatherman Crunch's serrated sheepsfoot blade. If I'm carrying a multitool, it's already in addition to a dedicated pocket folder or fixed blade.
I really like the old Schrade Vice-Grip tool...very well done. Closest I have is when Kershaw made a vice-grip, needle-nose pliers tool:
I still prefer the Leatherman Crunch simply for the size/compactness (my last decade on Active Duty, I carried both the Crunch and a Swiss Spirit Multitool):
Multitools are always going to be a compromise as are the compact (6" or less) vice grips and channel lock pliers. Still, that compromise keeps them small and compact; easy to carry in a variety of ways to places a larger tool box isn't a good option. I'm all for "using the right tool for the job", but I've been to locations and in situations where the "job" was remote, time-constrained, or little to no access to more appropriate tools. Multitools are the survivalists' ultimate improvisation tool...
ROCK6