I am looking for an alternative to pegboard. I don't like the traditional stuff at all, but the metal pegboards are pricey. I dropped $80 on a 64inx32in work area, I think I could do much better in the future. Moving right along...
Recently, I was up at my father-in-law's body shop looking at his tool organization. I noticed that he doesn't use pegboard, but thick sheets of particleboard. 4x8 sheets of this are around $10-15 a pop. He made himself a template, then used wood/drywall screws as hooks for most of his items. He said he uses the particle board instead of plywood, because he finds it less likely to split. Good idea or bad idea?
Recently, I was up at my father-in-law's body shop looking at his tool organization. I noticed that he doesn't use pegboard, but thick sheets of particleboard. 4x8 sheets of this are around $10-15 a pop. He made himself a template, then used wood/drywall screws as hooks for most of his items. He said he uses the particle board instead of plywood, because he finds it less likely to split. Good idea or bad idea?

