I'm not sure what backpacking has to do with anything. It may not sound or feel or look as cool, but taking down grass-like brush is a job for something like a machete, and getting hardwood out of the way like cutting shooting lanes for hunting is a tool for ratcheting pruning shears.
I like a large-ish blade vertical (tip up) with MOLLE or at least lots of belt options on my right backpack strap for instant use, I like the Gerber fixed blade (I have the predecessor to the Strongarm, I forget the name but I think LMF II or something like that) in 420HC. The sheath has a sharpening rod and it never comes loose yet easily draws. I can and do have lots of more expensive options, but I can't think of a single time I wished it was a different steel...and I have a good sharpener so it's not about being easy to sharpen.
Few people outside these forums have any idea how much knives cost, so it's not like it's about flexing either.
It was given to me by a friend now deceased and not something I'd buy myself since it's partially serrated and black coated and doesn't have "super steel", but I'm sure glad he gave it to me. No qualms about beating it up and it hasn't let me down yet.
If you want something beautiful and enjoy chasing the latest and best I'm right there with you, but practically speaking it's just as good as my knives that cost 10X as much.
I don't think you can do a fancy leather sheath in the same configuration and access it as easily. I just looked it up and they are now going for $175 which is like 3X the MSRP. I wouldn't hesitate to pick up the Gerber Strongarm and spend the other $400 on more knives : )