I like and collect all kinds of knives. I bought the silver alox version at the same time I bought a knife made by another company, one that I expected to like better. Bottom line: I ended up preferring the SAK better. That's the interesting thing about knives - you never really know quite what to expect. Very slight differences in measurements can make all the difference in the hand. So, this is my impressions, could be totally different for you.
I have a medium size hand and am a fairly small, old guy. The knife looks big and it is. The saving grace is that it is also slim. I usually don't like finger grooves, but these aren't that deep and not a problem for me. The knife has that typical precision feel. Perfectly centered. Absolutely no quality issues. Hole in the handle is not a big deal for me. I may get the red one without the hole, as well. I'm also not a real big fan of pocket clips. On some folders, I remove them for a better feel. However, this one has the best pocket clip that I have come across. Carries low, looks great, and the big knife doesn't feel overly large in the pocket. I like the blade style, a very useful shape. All in all, I am very pleased with it. And the other knife I bought was twice the price. And that red does look terrific.
--Larry