Check local laws. Folders appear to be more everyday use for most people, while small fixed blades are frequently seen as boot knives, and may be more likely to be viewed with suspicion.
We tend to be much more comfortable with various tools than the average public, but how many regular Joes carry a small fixed blade as part of their daily routine? Probably not too many.
Probably not even many gear freaks carry a full-size race gun as their everyday carry firearm, either- which is about like driving a F1 racer to the Quicky Mart. Each to his own...
John