I understand the 500 vs 501 point, but I had not seen much on the 501/112 conversation. I posted this thread because I'm torn between the two. I feel that, in my opinion, either could be used for nearly equal tasks. What comes in, is the size in hand, blade length and width, and weight. I was just kind of hoping to get a conversation started and have some guys from all different walks of life chime in on what they use either/both knives for. I personally feel they're too similar in size to carry, so if it's one or the other (depending on the person), I was just curious which one it would be. We have everything from executives, to ranchers, and everything in between. I love that about BF, and am really eager to hear and see some responses. Thanks for posting that, I really didn't add much input in my original post!