[btach]

You are not wrong. For me, when I've been in my dad's machine shop, he doesn't use pegboards but rather small drawers for drills, milling bits, lathe tools, carbide inserts, taps, etc. It isn't totally straightforward, but once I understood how he organized each drawer in a set of drawers, and from one drawer cabinet to the next, it was easier. The tool itself may not be in sight, but if you understand the nomenclature and labeling, the tool's location is still in sight. That being said, I do agree about pegboards -- they are so nice even if the drawers are well organized. I find it more seamless to put things away to their "home" when it's directly visual instead of a layer of organization like that. Alas while some tools are well-shaped for that kind of organization, some do not do well with that (drills, lathe cutting tools/inserts, etc).