I prefer good blades with good steel for every day carry and for field blades...I know they can take abuse and will hold up much better than a cheap knife. I still carry an old benchmade-emerson cqc I bought at a gunshow for $70 when I was a little kid....I haven't been able to destroy the knife, and it still performs well provided I sharpen it every couple of months. I still carry it because it has held up through things that trashed other knives. At one point I had to use it to split wood, using it as a wedge I pounded on it as a club and it worked like a champ. When other peoples expensive auto knives wouldn't open because they were too clogged with sand and mud, mine still would...though it was a bit gritty. I have broken the tip off of it probably a half dozen times, but never the whole blade and a little time with a stone has always made it as good as new. I have shucked clams and oysters with it, opened beer bottles, cut barbed wire, opened many cans, dug holes, etc. That knife has really made me appreciate what a well made tool can do.
I don't think it is snobbish at all to purchase a high-end tool if it can perform better than something less expensive. Especially if you need that extra performance.
Besides, most men wear nearly no jewelry...If you can afford it having a nice watch and a nice pocket knife are just part of a gentlemans attire (I'm still working on the watch).