Do it, and then write a report on your thoughts!
I have a Bark River Woodland Special which is the exact same blade/handle/overall length ratio and its an absolute honey of a knife and has skinned out a few deer and lots of goats. Not great for boning as you would expect due to the short blade, but you will be impressed with what a 3" blade will do.
You never actually said what your "...... and have a separate knife for that" actually is, so whats the other knife you have?
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