Bob
You are correct, to me the Buck 110 is like Duratrac tires. Jack of all trades, master of none. However, like Duratracs, user skill can make up for a whole hell of a lot. I don't want to have to carry separate knives to have the best option for a skinning knife, a caping knife, a knife for splitting the rib cage, a knife for cutting lunch meat and another for camp chores. I can get a 110 Buck to do all of those perfectly fine, just have to keep it sharp. I actually own all those kinds of specialty knives, I just rarely ever use them. Others are far more particular and also willing to pack around multiple knives. I am good with them doing that.
Kind of like guys that switch tires three times a year, I run the same tire year round on all my vehicles.