Over the years of buying many multitools, I realize there is no “perfect” multitool. But the Victorinox Spirit (plus ratchet) comes close. Victorinox is known for making precise tools, and the Spirit is no exception. I bought the Spirit in 2010. Since then, it has proven to be an invaluable accessory in my everyday carry. With ergonomics in mind, the Spirit is designed with curved handles, and you can access other its tools without exposing the pliers. It can be open with a flick of the wrist, allowing for quick deployment of the blunt nose pliers.
Unlike most other multitools, the Spirit optionally comes with a bit set and ratchet.
The only thing I dislike about the Spirit is the fixed pair of scissors it comes with. Unlike traditional Swiss Army scissors, the one that comes with the Spirit lacks mobility. You wouldn’t be able to cut very fast nor large using scissors from the Spirit. Another complaint most people have is with the “butter” blade. Most people prefer a pointed style blade, and that can be easily solved just by purchasing the Spirit X (but it doesn’t come with a ratchet and bit set).
Finished with beautiful stainless steel, the Spirit is certainly my multitool of choice. It’s not as customizable or rugged as a Leatherman, but the Spirit works for my needs. So far, it has not rusted, or failed on me while on the job as an all-around handyman.