Another consideration is multiplicity of tool use. Such side cutters can
only be used for very light duty, no power transistor leads or worse.
Break the cutter face and an expensive replacement (especially if used
in a shared workshop).
Break a Dremmel disc and 20 cents to replace. And such drills have a
some infinity of uses.
If a circuit board is too cluttered to get a disc in to an IC then a
ball-mill or small cylinder or cone "diamond" bit will probably get
where a dedicated pair of end snips will not go