.http://www.kmart.com/shc/s/p_10151_10104_010W012825630001P?prdNo=1&blockNo=1&blockType=G1
I agree. I would never use an expensive MT for fishing purposes. With a cheap tool, you won't mind all that much the first time you drop it and watch it sink out of sight.
I would suggest the Coast larger brother. Place this on your sheath and you should be good to go. The pliers are actually very good for fishing. It is cheap enough that you can buy two for the price of a higher end MT.