There are innumerable ways to "skin a cat" so to speak when it comes to leather working. When I first started years ago, I bought 3 tools: an awl, a generic hole punch, and a mallet. Its amazing what you can do with minimal tools... Tools can get expensive very quickly so it is good to find different ways for achieving similar results like what NJBillk is saying.
L4NE4, beautiful work on that sheath! My 2nd BK-16 should be arriving in the mail today and I haven't decided what style of sheath I will be making yet. I am thinking of something that will facilitate scout carry of sorts...