If you want a multi-tool, go for it. They aren’t as quick and easy to use as the Halco’s, but if you only change split rings once in a while, then why not.
I use my Halco’s on everything from LRF size lures to heavy gauge stuff for hooks and pirks for Shetland, hence my preference.
As for cutting braid / mono on the beach or boat? I find a pair of clippers around my neck far more convenient. When it comes to unhooking, I prefer a pair of long nosed pliers.
As the saying goes, “You pays yer money and takes yer choice“.