I have been thinkin about buyin a pocket clip for my Wave myself. I know some people say it is too heavy, but it is really no heavier than my craftsman utility knife with a pocket clip.
What happens to felt weight when using a pocket clip is dramatic. My Surge, half again heavier than your Wave, is barely noticeable when clipped to a jeans pocket, to the point where I often forget it is there until reaching for my keys.
Pocket clipping is good for me in work clothes (jeans), also street wear (jeans), not so much with suit trousers or slacks. Usually, I don't carry a multitool while wearing these for social occasions, but when my work as a photographer requires formal dress, the Surge gets belt carried, discreetly covered by a jacket or photographer's vest.
Under other circumstances, if I am packing the whole outfit (bits, extender, exchange saw/file), all goes into a sheath on the belt, but that is only when I expect the possibility of some serious work. If it's more than a possibility, I'll bring a regular tool kit. Most of the time, though, the Surge rides with me clipped to RF pocket. Happiness ensues.
Believe me, if a pocket clip works so well with a Surge, you will be thrilled at how it sweetly it will carry your Wave.