My favorite multi-tool is the Swisstool Spirit by Victorinox. It is very well made and all the tools lock into place. They are also fairly rust resistant. I have a Leatherman Wave too but prefer the Spirit.
Having the same two MT's myself, I have to say there is nothing like that definitive "click" when a Vic Spirit implement locks into place.
It simply says precision assembling and quality.
No slur against the LM Wave at all but with the marketplace literally saturated with "multi-tools" the Spirit is above and beyond most in terms of workmanship.