I come up with the same response (in my head at least

):
Buy an 18" machete with a US military sheath and a nice 4" to 5" Marbles or other really good cutter.
Then there is no compromise at all, I've got a proven chopper that will take down a 6" tree if necessary, and a knife that will easily skin a baby rabbit or remove a splinter from my hand.
I wouldn't go 'out in the woods' without this combo.
Oh, and I could afford a really nice SAK, and a stylish hat to go with it
But of course it matters where you go, who you are, and what you do when you get there. If I were a true SF member...my priorities would change in a hurry....but for a solid all around kit that I can and do depend on for my forays into the great swamps of South Jersey? Heres mine:
Basic Kit:
18" Ontario Mil-Spec machete $16.00
Military Surplus sheath $20.00
Greco Drop-Point Dangler $55.00
SAK Hiker $22.46
Gerber old style multi-plier $30.00
Small pocket hone $10.00
6" flat bastard file $8.00
(1) Tuf-Cloth $6.00
.45 Cal. canvas magazine pouch $0
Total: $167.46
Whole lotta bang for the buck there...