Lacing chisel or round hole punch for leather lace edging?

[AEBL]

I'm looking to make a wallet with "laced" edges, similar to how it is pictured below. I have some of those Craftool 1/8" lacing chisel - they make holes similar to the ones pictured. I was wondering if round holes were better (less tendency to rip?) or if the lacing chisel is the way to go?

For other things, I tend to needle-and-awl ... so I am not sure what I would use round hole punches for ...

 

[DieselTech]

Lacing chisel looks soo much better I think personally. 

[Beehive]

Round holes and lace remind me of the leather moccasin shoe kits that come in a bag. It's a, "crafty" look.

What you also see, when you don't have the right tool. 

 

[fredk]

I use the straight slot with lacing. The leather & lace are under great strain and I've never had the slots rip

I lace around the pouch on this then its stuffed full of horse hair until no more can fit in. It puts lots of strain on the leather and lacing

 

[AEBL]

Ok - good. I like the lacing chisel also.
Is there a leatherworking task that the round hole thing is best for, or is it just a personal taste thing?

@fredk, I'm not sure what that item is ... but it looks well made, the black lace looks great.

[fredk]

2 hours ago, AEBL said:

Is there a leatherworking task that the round hole thing is best for, 

I use a round hole punch to make holes for round lace which I sew on instead of thread. Like this;

2 hours ago, AEBL said:

. . .  I'm not sure what that item is ... 

Its a Makin, aka a knitting belt. I've an order for x number of them

Knitters use them in a style of knitting where one knitting needle is poked into one of the holes and held in place by the stuffing (no holes in back, just front). The belt is worn at the waist