I feel like this topic has already been beaten to death

The general consensus seems to be that with the Southard Flipper, you're paying for the quality and the fit and finish. I think mkjellgren summed this up really in
another thread comparing the Southard to a ZT 560/561:
I agree with everything mkjellgren says. IMO, the fit amd finish on the Southard is very close to that of a Sebenza. The flipping action on the Southard is smoother than any other flipper I've ever owned or handled, including some $300+ US made knives. The lockup on the Southard is very nearly as good as a Sebenza, and better than ANY $300+ US made knife I've ever owned or handled.
Is the Southard perfect? No. I have several issues with it, and it's not my favorite knife. But I think it's worth the $260 I paid for it.
Does fit & finish really matter? Again, I think this topic has been beaten to death. In the short term, or on a knife that you're going to absolutely beat on, F&F might not matter as much. But if you plan on carrying and using a knife for years and years and years, there is a lot of evidence to suggest that good F&F. tight tolerences, and high precision translates into something that will last a long time and keep performing.
On a somewhat related note, I would suggest that watching the Chris Reeve shop tour videos that Blade HQ put together. Chris Reeve himself talks a bit about this (I wish he talked more, I could watch him talk for hours).
http://www.youtube.com/watch?v=4QiEnhA3n0A
http://www.youtube.com/watch?v=Nj6p8p6vfZQ