Black oxide is not a tough enough coating, if you ask me.
You can bet your bottom dollar that it's never going to remain black forever.
Some say you could hide the wear with a coat of oil.
But who in his right mind would want to consider oiling an entire surface of a tool which requires you to have a firm tight grip during use?
But it's different with something like TiNi coating (black, gold whatever). As it would far out last all the usefulness in the natural life span of every possible tool blade attachment found on a Plier-tool made of stainless steel (SS). Which BTW, will not be coaxed into being "blued" mainly because it's made from a strain of stain-Less steel material which is probably very low in carbon content and hence do not take to any form of controlled rusting as in bluing. Well, having a low carbon content in SS does at least, take care of the rusting part bit... Which means, that you wouldn't really need that oxide coating after all, would you? Not unless if you do need to have a really awesome lookin' cool black plier-tool just so to blend in with the total non glare tactical situation required for that all time good old fashion totally behind-the-lines combat experience.