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So I'm trying to use up some Sears gift cards and I figured some new pliers are in order. When searching for Knipex, I get multiple results for seemingly the same tool. Does anyone know what the difference between these pliers are...besides the large price difference and part number...

I'm starting to replace my hand me down tool set with some quality pieces. I took advantage of the SO buy one get two free promotion last month and got the 1/2 metric socket/ratchet set. I noticed the ratchet is very smooth for the most part, but then seems to hang up in one particular area...