Is it just to provide enough strength due to the brass pins?
Has anyone made a SAK without spacers? A four layer tool could lose the thickness of a whole layer. A Ranger could be the thickness of a Huntsman, which could be the thickness of a Hiker for example.
Syph could probably lose the liners, his SAKs have Ti outer liners and steel pivots.But a stock SAK would most likely collapse like a wet noodle without the inner alum liners. Honestly, it's a marvel of engineering. Each part of the support is weak and fragile by itself, but put together you get the reasonably robust SAKs that we know and love.
I may have seen this guys video. Is it on youtube under RobertJLessard? look up “Custom Titanium SAK With Hidden Scale Drawer”, if you haven’t already. Looks like a skilled engineer doing mods that seem a cut above.
It'd still be interesting to see a fully stainless 4-5 layer 91mm without spacers just to see what it would look like and how it would function. I reckon most of the main tools would be fine, but the backside tools would be harder to get to.The outer liner on the blade layer is also bowed to give space for the small blade.
One thing is for sure, the more you look at a SAK and all the small details and intricacies, they really are a marvel of design and function.