I don't like tool boards in practice for two main reasons: Wall space is too valuable a commodity in my cramped garage, and even if I had the walls completely empty, I could not begin to get them all hung.
I like the concept OK, but only in concept for limited and defined use. I can and have seen where its effective for some, but as was mentioned, for a casual user of tools; (my brother would be better off with a tool board and a small plastic carry box for getting them to the few jobs he actually does with his hands...)
If one only does wood working I can see that being feasible. I do just about every type of work and have the tools for it, from auto mechanics, to wood working, plumbing electrical, electronics (they are different...) metal fabrication, welding, machine tools, sheet-metal, leather...
There is no way I could get even a commonly used portion of my tools on boards. Again the walls are covered. shelves, parts bins pic-a-Nut selectors, yeah there is one rack for pipe clamps; the pipe clamps nicely frame in my shop phone... The back wall is boxed storage from about 4' off the ground to the peak of the ceiling, under that are storage cabinets, milk crates of parts, and an engine on a stand with another block under that engine...
About a year ago I made a sign and framed it that said "= NOTICE = Some tools in this workshop may have been built before modern guards and safety devices were included as standard design practice. PAY COMPLETE ATTENTION TO WHAT YOU ARE DOING AND KEEP YOUR BODY PARTS OUT OF THE PATH OF THE DANGEROUS BITS!"
I couldn't find an 8 X 10 spot on the wall sin there to hang it...
