To help, some history: the newest yet-to-be-produced GSO-4.1 is a slightly up-sized version of the previous 4.1 which evolved from the Survive! EDC-4. The previous 4.1 was like a stout Kephart-design with a rather straight handle. The new GSO-4.1 restores some of the EDC-4's handle-contours but (hopefully) improves the shape for better ergonomics. That name EDC-4 should give you an idea of the knife's intentions: most hunting and general outdoor utility knives blade-length are between 3.5" and 4.1". You can accomplish a wide variety of tasks with a knife this size - food-prep, field-dressing & butchering, rope-cutting, wood-carving & whittling, carpet and box cutting, basic drilling and notching, digging, batoning/splitting thinner logs, etc.etc. It's a great size, probably the largest I'd take hunting white-tail and smaller game, and it's reasonably compact such that it can even fit in a front pocket.
But the 4.1 is a bit small for even light-chopping - too little reach and heft - and is not as good for batonning as a longer blade, it isn't as good for de-limbing fallen trees and scraping bark, other tasks where a longer blade-length comes in handy. Also, not much of a "combat knife" if that is important to you. It's a great utility knife that has a bit more length than the GSO-3.5 which may be too small for some tasks like batoning.
The GSO-10 (or 12 not yet made) on the other end is MUCH better for chopping and scraping and other such tasks but it's also FAR from "compact" -
definitely not going to fit in the average pocket

The GSO-10 is also too big for efficient use in a myriad of outdoor/utility tasks, or much bigger than would be preferred.
The GSO-4.7 and 5.1 are the next sizes up from the GSO-4.1. These are what I'd describe as "all around" knives, a good size for a "survival knife", particularly the 5.1. It has noticeably more length and heft than the 4.1, improving its light-chopping and batonning and scraping proficiency. It's better for de-limbing trees, digging, would make a better "combat knife", is thicker for prying, etc. but is still reasonably compact AND the enlarged choil allow the user to choke-up on the blade for finer use such that it can effectively perform all the same tasks as the 4.1, though it's still bigger than I'd prefer to take with me hunting. Maybe hunting hogs or bear it'd be a good choice, but i have no experience there. This is an excellent "one knife" option. It's a popular choice for a reason.
The GSO-4.7 fills the gap between the 4.1 and 5.1 - more compact than the 5.1 for easier carry and use in tasks not requiring such length, but still big enough for a lot of tasks... One reason I pre-ordered the 5.1, 4.7, 4.1, & 3.5 was to see what range of tasks each excelled at.
How does carry compare between the 4.1 and 5.1? I am 5'9", 140#, YMMV
GSO-4.1 in pockets:
Belt carry:
(standard clip)
UKE:
GSO-5.1 outside pocket:
shoot... I apparently didn't take a lot of photos carrying the GSO-5.1! Well, here are a couple videos where you can see it attached to a UKE:
(you can stop at 2:25, I don't show the sheath again after that)
[video=youtube;bIx2zaqWim8]https://www.youtube.com/watch?v=bIx2zaqWim8[/video]
In this one, you can start at 4:20 but skip a bit to 6:50 after that to see another way to carry the 5.1:
[video=youtube;COKvk-AcNzk]https://www.youtube.com/watch?v=COKvk-AcNzk[/video]
I promise to take more pictures of carry-style with the new 5.1 when mine gets here (no word yet when that will be, exciting times

)