Here is the picture of my el cheapo and the real thing. The cheap one has some positive improvements over the original such as the additional Phillips screwdriver (not shown), longer plier nose, and a spring for the handle. Also the cutouts on the handle potentially allows more detailed cleaning on the inside of the tools.
The Toolclip is obviously better built:
- More rivets: 7 vs 5
- Stronger plier design: thicker jaws, 2 vs 1 rivets
- Pocketability: has clip vs has not, also shorter length
- More polished components: three blades have mirror finish vs. coarse ground finish, even the rivets were finished better.
- Smaller profile: the small handle is closer to the large one when closed
Overall, the Toolclip has quality all over it. The clip itself is nice. Just a beautiful tool to have