Yup, like having a 9-in-one painter's tool vs having those 9 tools individually in a toolbox.
Usually, its super convenient to have all those tools integrated because you can scrape some paint and pound a nail and pull a nail all right then and there with needing to do any swapping out or hunting for the right tool.
But the instant you want to be able to hold a bolt in place with the wrench function while simultaneously using the hammer function, you're shit out of luck. The painter's tool, on its own, can't be de-composed to do those things simultaneously. Plus, it's not as good at being a general purpose hammer or a general purpose wrench. But in the context of the tool, you don't really need a full fledged hammer or wrench. Having a single small tool you can hold in one hand is usually more pragmatic, even if less versatile.
Probably still gonna want the toolbox to be available for when you need it, though.