I have always said that my Bugout is a RAT2. I am not going to speak of knives like the Douk, Opinel or Mercator for the lightness, cause I know people are referring to the modern steel and locking when they talk about these knives here. Otherwise I'd say, why get a Bugout when I can sell you an M390 Opi, if all you want is lightweight cutting? But, that is unrealistic, folks want ergos, a modern lock, etc. I think we all know we can cut all day with a $12 Opi.
Why would I get a Bugout? I don't hate it, but it seems so pointless, FOR ME. What would I use it for? If I want a fine-looking knife that is lightweight and cuts with authority with a super-steel, I will use my comp lock Sage 5 with CPM-M4. Gave it to my non-knife girlfriend and it's a workhorse, made so well, so smooth, just so good, had to get one for myself. Or a carbon fiber Chapparal, that XHP is good-good. If I don't want high-end handle materials, K390 wharncliffe Dragonfly. Cutting king. So many beaters that I have, so many nice lightweight knives I have. Also... I don't like springs, less the better.
I would have to rec someone the RAT, or a LW Spyderco. I could not in good conscious rec this, when I know what is out there, no matter what your goals are. I am totally interested in hearing a differing opinion, as to why the Bugout is needed when these other knives exist.