The Winchester tool you show is different than the one I have. As I stated, m Winchester multitool is not the greatest but it does work for basic tasks - I am happy at a $12 price. Could it be (as I suspect) that the Winchester name has been slapped onto more than one tool?
I have always wondered if these Winchesters were made by Gerber's low end Carolina Tools division. That would make the most sens to me.