I'd had a Xikar and Xikar multi tool for years and thought I couldn't do better, but kept reading all the raves about Palio, but never used one.
The design of the Xikar and cutting was so good, I wasn't sure if it could be improved, but wanted to find out. I Put a multi tool Xikar up for trade and got a Palio
After 3 months, I can't remember what the Xikar felt like as it's sat in my junk drawer.
My final verdict is that the Palio wins convincingly, although the Xikar may take points for design and looks.