Jake, I agree that GEC is known for a level of fit and finish that Buck doesn't hit with their production knives. But two things... ok, three...
First, I would put Buck's custom shop stuff up against GEC's best.
Second, we're talking about a "farm and field" line aiming at a lower price point. Scale materials need to be cheapened and I think people need to adjust their f&f expectations downwards.... unless of course GEC puts in fully automated, high precision tooling like Victorinox.
Third, I think the target for working level knives has been set before by others besides Buck. Schrade's Old Timer line. Some of Case's knives. Bear and Sons... It *is* possible.
Here's a nice looking American knife that makes a great utility working knife. Can be found for under $40 with regularity. The Buck 112.
IMO, GEC needs to match this, both in quality and price.