Dennis, is that an Atlas shaper?![]()
Yeah, I would not waste time or money on thinner pegboard or smaller hooks. I picked up some used 1/4" pegboard and "wallpapered" it with 1920's engineer book pages, then used 1/4" pegs used from ebay to hang my tools. This was just after I finished papering it, I have a few more common tools on it now.
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Revising (adding pegboard) to the basement shop "work cove'.... before and "in process".. Last picture is of the macro of this particular work space under the utility room of my home..
I have a '72 Chevy truck grill hanging in my shop too![]()

Pegboard above my workbench down one wall
DIY slatwall (3/4" Plywood strips) down the other which will hold anything you could think of - cabinets, heavy items, etc

