Some years ago I modified a cheap (no name) pair of long nosed pliers by drilling 5 different sized holes along the joint. They have proved so useful for many tasks that they are always on my bench. i.e. working on small screws, grinding and polishing items, and as I have always made up my own bowden cables they are a heat sink when gripped in the vice for soldering nipples to retain the cable temper. As a bonus they are non marking.
Cheap tools can be useful for some things as they are usually soft enough to be modified.
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