Shane - that is a nice looking piece. It looks like a very useful size and design.
On many of my outings I am responsible for my troop (scoutmaster), so I normally carry more cutlery than most ultralighters. A small folder (like a SAK Soldier) and a fixed blade (Bark River Northstar) cover the eventualities. After all, even Nessmuk always had a good complement (axe, fixed blade, folder) to cover all his needs in the wilderness despite the fact that he had his entire kit, including his canoe, down to 26 lbs. The original ultralighter did not take shortcuts with steel.